debt covenants

  1. 3,045 Posts.
    All these property trusts are going to hit road blocks when they are forced to write down asset positions. They came pretty close last reporting season and I think the situation has worsened. The credit crunch is escalating and property prices are likely to have fallen... I don't see an easy win here. The only answer will be a dilutive capital raise, asset fire sale etc.

    Any thoughts?
 
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