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malvinspooner
Apr 1, 2020 4:09 PM

XRE (ETF owning REITs) at risk as rents may not be paid. Short

ISHARES S&P/TSX CAPPED REIT IND ETF UNITTSX

Description

The ETF holds Real Estate Investment Trusts. These leveraged vehicles will soon be strapped for cash as tenants refuse (or cannot) to pay rents, but mortgage holders and bank lenders will continue to demand payment. It is increasingly likely that some distributions will have to be cut which will make prices of the trading units suffer.
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