KBRA Publishes Research: REIT Q1’18 Credit Update: Term Loans Increase Market Share

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) issues a new report, “REIT Q1’18 Credit Update: Term Loans Increase Market Share” The report makes the following key points: Leverage for REIT unsecured note issuers increased slightly during Q1’18 from 38.7% to 39.0% based on gross book value, and slightly more from 31.1% to 33.8% based on market value, reflecting a 9.2% quarterly decline in the FTSE NAREIT Equity REITs Index. As noted in KBRA report, REIT Q4’17 Credit Update – Calm Be