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Reits actually do better when rates rise, but not in Canada

Over there, they become riskier bets due to lower cashflow growth and higher leverage, says property fund

Published Wed, Aug 9, 2017 · 09:50 PM

Toronto

REAL estate investment trusts aren't to be avoided as interest rates rise - except in Canada, where lower cash-flow growth and higher leverage make them riskier bets, according to the head of securities at a C$6.5 billion (S$7 billion) real estate fund.

"If you look at the empirical e…