25.06.2009 - Australia REITs may have raised too much equity
From Guardian: Major Australian property trusts have recapitalised and are armed with stronger balance sheets, but some may have raised too much equity at the expense of future earnings growth. In the first half of 2009, Australian real estate investment trusts (REITs) raised more than A$9 billion ($7.04 billion) in equity to pare down debt, with banks reluctant to extend loans or demanding sharply higher interest rates amid a global financial crisis.......Full Article: Source