NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published its fourth-quarter 2012 (Q4'12) REIT Report Quarterly, which highlights research during the quarter.
Fitch's '2013 Outlook: U.S. Equity REITs,' stated that absent fallout from the fiscal cliff, Fitch expects modest growth in GDP in 2013, which will contribute to slightly positive property-level fundamentals, with multifamily REITs on the most solid ground. Retail, industrial and central business district office REITs should have modestly positive same-store net operating growth (SSNOI) growth. The suburban office sector will continue to face challenges in maintaining SSNOI.
Fitch's '2013 Outlook: European REITs,' stated that bond issuance will continue at a historically high level in 2013. The sector will take advantage of record low interest rates while banks continue their retreat from commercial property lending. Fitch expects the proportion of funding provided by bonds to rise slightly in 2013. Reducing European commercial property lending is a key element of banks' deleveraging plans, and European banks still have a high exposure to the sector.
Other items in this edition of Fitch's 'REIT Report Quarterly' include:
--An overview of recent rating actions;
--Summaries of recently released REIT reports and criteria;
--Links to recent Fitch research.
'REIT Report Quarterly' is available by clicking on the link or at 'www.fitchratings.com' under the following headers:
Sectors >> Financial Institutions >> REITs >> Newsletters
Additional information is available at 'www.fitchratings.com'
Applicable Criteria and Related Research:
--2013 Outlook: U.S. Equity REITs
--2013 Outlook: European REITs
Applicable Criteria and Related Research: REIT Report Quarterly