Kroll Bond Rating Agency earlier this year signed a 95,000-square-foot sublease at 805 Third Ave.
NEW YORK CITY—After a more than 10% decline in value, REIT equity share prices staged an impressive recovery in the second quarter of this year, gaining 11.1% in the three-month period and another 3.6% through the month of August.
Kroll Bond Rating Agency says the REIT sector is finding its “mojo,” and REIT debt-to-market leverage reached record lows by mid-year 2018, declining to a median of 30.2% for public and private note issuers. In terms of equity share prices, REITS recovered their first quarter losses and are now high year-to-date as compared to the mid-point of 2017, the KBRA special report reveals.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
