28.05.2010 - UK: Property companies to raise fresh capital
From Telegraph: Analysts at Nomura have warned that the UK's largest Real Estate Investment Trusts (REITs) are going to have to carry out second wave of rights issues or cut their dividends. Mike Prew, an analyst at Nomura, said that the way that REITs present their revenue streams in their accounts hides the fact that in many cases their cash flows are not adequately covering dividend payments. .............................................Full Article: Source
Print