REIT Oracle

EC World Postpones Distribution Due to Rent Collection Difficulties

in Company news

EC World REIT is deferring the payment of the distribution for the first half of 2023 due to "insufficient funds":

Without the payment of the outstanding rent receivables from its sponsor group, the REIT says it may also have insufficient funds to maintain its operations. In particular, it may not be able to pay its interest expenses when they are due going forward.