RE: Loan Covenants?22 Dec 2022 11:02
I don't think the properties will be reduced in valuation. Most are quite specialist adapted buildings, with long-term fixed rent agreements. With an ageing population, medical facility demand is only growing. It's not like an office or retail unit with fluctuating demand based on economic factors. The share price reduction is sentiment to REITs, without too much thought of the portfolios behind them. A perfect time to invest in quality, recession proof, progressive dividend payers like PHP.