This is funny in terms of stock-market “narratives” during these crazy times.
CBL and Pennsylvania Real Estate Investment Trust were both toast before the Pandemic. The banks are stuck.
Transportation fuel demand rose to where it had been in … 1997.
Regus’ U.S. subsidiary, RGN Holdings, has already filed for Chapter 11 bankruptcy.
Here’s how I got walked through Denbury’s bankruptcy proceedings.
$43 billion incinerated on Share Buybacks since 2012 to manipulate up the share price would come in handy now. Shares -60% since June 2019.
At the time of securitization into CMBS a few years ago, inflated collateral values led to soothingly low loan-to-value ratios. Then trouble hit.
Commercial real estate is in turmoil, but San Francisco’s glut is dwarfed by the fiascos in Houston and Calgary.
Landlords and their lenders who’re still thinking work-from-home is just a blip will undergo a reckoning in due time.
Better produce a big-fat stimulus bill pronto and keep eviction bans and forbearance going, or else these companies will face economic reality.