Debt is an issue for property companies, but it’s not extreme. And there are some major differences from the big GFC downturn.
, a developer of affordable accommodation for downsizing Baby Boomers, has one of the highest gearing ratios on Jarden’s list at 34.9 per cent, but shrugged it off.The development-heavy business model sets Lifestyle Communities apart from larger REITs because it can offset higher debt costs directly by charging more for the housing it develops, Mr Kelly said.HomeCo Daily Needs REIT
”Transactional evidence indicates valuations remain robust for high quality metropolitan neighbourhood and large format retail assets, which are HDN’s focus,” HomeCo CEO Sid Sharma said.“Our operational fundamentals also underpin HDN’s strong top-line income growth through high rental cash collections and solid tenant demand,” Mr Sharma said.
“Given most companies are trading at such discounts to their book values … selling assets is still a less dilutive way of dealing with the debt issue than raising capital,” he said.
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