Investment bank says UK’s focus on asset value means “something is being lost in translation”
Investment bank switches recommendation to hold from buy
Investment bank says schemes underwritten before 2022 are now “likely unprofitable”
Analyst sees sector as “next in line for the estate agents’ red pen”
Analysts point to cash that could be returned to investors through buybacks and dividends
Jefferies has downgraded six REITs, reinforcing its “underperform” rating for the UK REIT industry for 2017.