22.10.2008 - Canada: Higher cap rates bad news for REITs
From Nationalpost.com: The credit crisis is affecting the value of commercial real estate, according to Desjardins Securities analyst Jeff Roberts. The cap rate is the implied rate of return on a property. The higher the cap rate, the less a property is actually worth. Mr. Robert has raised the capitalization rates he uses to value real estate investment trusts and real estate operating companies..... Full Article: Source