Unsecured means that they're already mortgaged to the hilt and have to borrow at less than favorable rates. High % rates equal less divs, but who cares? INLW sucker
RPAI has ten malls in Houston and with the price of oil going down it could be a large liability on RPAI. Houston highly depends on oil revenues and if the money is drying up a lot of people could be hurt as well.
RPAI is a cash cow for IRC and is run by a bunch of figure heads that have little or no skin the game. I'm INLW and I'm trapped here.
RPAI has been beating estimates for the last two quarters. I was hoping that it will go north of $18 but met resistance everytime it got close. What else is going on...possibly interest rates hike talks.
Should be selling Malls and Plazas and buying strip malls with specialty stores. People have changed their shopping habits. RPAI hasn't read the handwriting on the wall and probably never heard of AMZ or BABA. Big box stores are hurting and squeezing Rpai on rentals.