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5 REITs With No Near-Term Debt Maturities And Virtually No Floating Rate Debt

8 Mins read

You may have heard the term “fortress balance sheet” before.

Just a few years ago, every real estate investment trust (“REIT”) effectively had a fortress balance sheet, because interest rates were so low it didn’t really matter whether your

Net Debt To EBITDA Debt To EV % Fixed-Rate Debt
Agree Realty (ADC) 4.5x (Q3) 28% 98%
Alexandria Real Estate (ARE) 5.4x (Q3) 35% 99%
Innovative Industrial Properties (IIPR) 1.2x (Q2) 13% 100%
Gladstone Land (LAND) 7.4x (Q2) 36% 100%
Rexford Industrial (REXR) 3.7x (Q3) 17% 100%

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