REIT Share Price Weakness Reinvigorating Buybacks (What U.S. Equity REITs Are Saying) - Fitch Research

REIT Share Price Weakness Reinvigorating Buybacks (What U.S. Equity REITs Are Saying)

REIT Share Price Weakness Reinvigorating Buybacks (What U.S. Equity REITs Are Saying) - Fitch Research
REIT Share Price Weakness Reinvigorating Buybacks (What U.S. Equity REITs Are Saying)
Published Sep 08, 2015
24 pages (16599 words) — Published Sep 08, 2015
Price US$ 999.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Expect More Buybacks: Fitch expects the level of REIT share repurchases to rise through the balance of 2015 and likely into 2016. Buybacks were a hot topic of conversation during the second-quarter earnings season, with many companies completing repurchases under existing authorizations or announcing new programs. Credit Gets Less Attention: Twenty eight REITs (35%) discussed share repurchases during their second quarter earnings conference calls out of the 80 call transcripts that Fitch reviewed. Only three companies cited existing credit ratings as a balancing concern when discussing the attractiveness of share repurchases. Seven additional companies cited leverage as a decision input regarding buybacks. Maximizing shareholder value (by repurchasing shares below net asset value [NAV]) was the primary consideration around share repurchases. Ratings Tolerance Varies: Fitch's ratings for most REITs have some tolerance for modest, temporary leverage increases due to share repurchases funded...

  
Report Type:

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Cite this Report

  
MLA:
Fitch Research. "REIT Share Price Weakness Reinvigorating Buybacks (What U.S. Equity REITs Are Saying)" Sep 08, 2015. Alacra Store. May 17, 2025. <http://www.alacrastore.com/fitch-credit-research/REIT-Share-Price-Weakness-Reinvigorating-Buybacks-What-U-S-Equity-REITs-Are-Saying-869718_report_frame>
  
APA:
Fitch Research. (). REIT Share Price Weakness Reinvigorating Buybacks (What U.S. Equity REITs Are Saying) Sep 08, 2015. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/fitch-credit-research/REIT-Share-Price-Weakness-Reinvigorating-Buybacks-What-U-S-Equity-REITs-Are-Saying-869718_report_frame>
  
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