As Retail REITs Recover from the Pandemic, Substantial Risks Remain for Some
In March 2020, DBRS Morningstar set out its expectations for the impact of the Coronavirus Disease (COVID-19) on real estate investment trusts (REITs) and commercial real estate (CRE) companies in the U.S and Canada. It was our expectation that certain sectors, including retail, would experience significant stress. This turned out as expected, to varying degrees, within the U.S. retail REIT sector depending upon subsector type and retailer tenant offerings. We expect retail REITs with a greater preponderance of nondiscretionary offerings, open-air formats, manageable leverage, and better quality retailer tenants to return to pre-coronavirus levels over the next two years; to the extent that one or more of these elements are not meaningfully applicable, recovery will be less likely.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.