Real estate income coming under pressure.

Falling market rental values hit capital values, but it takes a rise in tenant insolvencies to hit income in the short term – shopping centres lost nearly 3% of their income per annum from 2008 to 2012 due to tenant insolvencies!

Post-pandemic, company insolvencies have been steadily rising (up again in November): will they hit the 1% of all active companies reached post the GFC?