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Now cash-constrained, REITs face “potential existential crisis”

Covid-19 has been battering real estate investment trusts, some of which have had to shut down hotel, mall and other properties to prevent the spread of the virus. The closures have strained the cash flow of those companies, which are required to pay out the vast majority of their taxable income to maintain their REIT designation. The financial challenges caused by the new coronavirus is causing some REITs to change — or delay — paying

The Real Deal New York

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