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REITs REIT

REIT Dividends Crumbling With Commercial Real Estate Values

February 22, 2009

There were $16.6 billion in dividend cuts in the S&P in the first quarter, and REIT dividends were not immune as commercial real estate values and NOI came under pressure with rapidly deteriorating economic conditions. Arbor Realty Trust (ABR), iStar Financial (SFI) and Grammercy Capital (GKK) all eliminated their fourth quarter dividends. Click [...]

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