By Reinor Bazarewski, Director, U.S. REITs, Fitch Ratings: Share buybacks are becoming more appealing for U.S. equity REITs, though they come with additional risks over time for bondholders.

By Reinor Bazarewski, Associate Director, Fitch Ratings: Revenue changes for U.S. equity REITs appear to have been generally less cyclical through the most recent economic cycle than those of traditional corporate issuers while exhibiting relatively less volatility overall.

By Reinor Bazarewski, Associate Director, Fitch Ratings: Corporate entities issued record-breaking amounts of special dividends in December 2012 with the fiscal cliff on the horizon, a practice that equity REITs have largely avoided.