Financing cost won't be dropping so fast. Many REITs signed their financing packages when intetest rates were almost zero pre-covid. Today, interest rates are at 40-yr high (referring to Fed rates).
Interest rates may be reduced soon BUT will not return to pre-covid levels. Hence, when REITs refinance their loans in the near future, they will still be subjected to higher rates compared to their pre-covid arrangements. Does the above make sense ?
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