watch for breakout, page-10

IIF is likely to breach covenants in coming months, so at the mercy of the bankers like 90% of the listed REITS. Even the 30% geared ones are having a rocky ride, imagine what the market things of those with higher gearing. Interesting that more than 2/3 of the non-REIT, non-spec companies listed on the ASX also have BS gearing over 50% yet this is not seen as an issue for them despite falling revenues.

REITs have stable incomes compared to many other companies hence key to me is leasing and ICR, and IIF seem to be better than most on that front. So what is this REIT bashing all about. It is a big conspiracy IMO! lol.

The question is - will the banks force most of the REITs into fire sales that will further damage the world economy?

I think IIF should be able to service the debt, so why would the banks destroy it? For an asset grab? It is possible.

IIF have been in discussions with the banks for months, but they appear to have been playing hardball.

But DYOR, I am an unsophisticated mug punter.