NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) issues a new report, “REIT Q4’17 Credit Update – Calm Before the Storm.” The report makes the following key points: REIT leverage marked decade and historic lows in Q4’17 with median debt-to-market declining slightly to 31.1% for REIT unsecured note issuers. Leverage has since reversed, owing to price declines that rank among the most severe since the Great Recession. At their Q1’18 closing price trough, the equity values of REIT unsecu
