 | Stephen Pincus quoted in "REITs coming to market even if nobody else is", Financial Post |
August-29-2012
| Lawyer | Stephen Pincus |
| Area | REITs and Income Securities |
Details
Excerpt from "REITs coming to market even if nobody else is", by Julius Melnitzer:
Compared to the rest of the market, growth of more than 25% is nothing short of remarkable. But Stephen Pincus, a partner at Goodmans LLP in Toronto, says it would be a mistake to think of REITs' performance this year as a surprise.
"The sector has never ceased being a hot market," he says. "It only looks like a comeback because just about everything else has gone cold."
Mr. Pincus attributes the REIT market's stellar performance and consistency to a low interest rate environment, aging demographics, and economic and market volatility.
"People are fearful and they're looking for hard assets," he says. "REITs have provided and continue to provide a steady stream of cash flow based on contracts with tenants who are largely creditworthy."
