does anyone have a clue? are they going to announce something horrible? are they going to cut the dividend and i'm just the last person to know about this? if you have any clue please share your comments....
Two reasons:1. REITs being hammered2. Prem Reddy
What is Prem Reddy? I couldn't find a facility with that name.
Commercial real estate slowdown, not directly related and 10% cut in Medicare payments, directly related.
Commercial REITs and commercial paper are being hammered after two big defaults yesterday. My guess is any stock that has "REIT" in its name, is going to be hammered as well.