Thanks for the reply. I'm hoping that the tenant cash flow problems are temporary, as this fresh info suggests:
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Thursday October 4 8:30 PM ET
Hotel Revs Rebound, Near Pre-Attack Level
LOS ANGELES (Reuters) - After plunging as much as 45 percent at the low point of the ongoing travel crisis, U.S. hotel room revenues rebounded strongly in the third week after the Sept. 11 attacks to finish near pre-attack levels, according to new industry data...
dailynews.yahoo.com
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But you're right, that's the big worry. And if more serious, HPT has one year security deposits as a last ditch solution perhaps.
Anyway, I appreciate your input on MAA and SMT not being your favorites, but more importantly... Why?
I wonder... EQR's warning was a bit nebulous, and SMT's was $.60 FFO vs. $.64 estimated. That's 6% down which they are attributing to the economy. Well, I think it's a bit premature to blame the drop on the economy, and I wonder what's up. But still, with interest rates so low, even if REITs (in general) have a setback, they are sure beating the alternative.
thanks,
grommit |
