REITs, REOCs – US/EMEA: Outlook changes to stable for 2022

We are changing our outlook for REITs,REOCs – US/EMEA to stable from negative. Healthcare and Office segments are stabilizing and should offset weak Retail performance for next 12-18 months. Multispeed, diverging economic recovery poses regional risks. Logistics and Tech Infrastructure enjoy favorable conditions. Housing in US will be an outperformer.

Drivers of a stable outlook:

  • Aggregate rental income growth, between 1% and 3%
  • Maintenance of healthy liquidity profiles with cash plus credit line availability exceeding debt maturing over the next two calendar years
  • Continued access to debt and equity markets
  • Speakers keyboard_arrow_down
    Oliver Schmitt Vice President - Senior Credit Officer, Corporate Finance Group Moody's Investors Service Bio
    Philip Kibel Associate Managing Director Corporate Finance Group, CRE-REITs and Gaming Moody’s Investors Service Bio
    Thuy Nguyen Vice President -Senior Analyst, Corporate Finance Group Moody´s Investors Service Bio

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