Two major real estate investment trusts (REITs) have recently announced distribution cuts in just the last few weeks, making a case for the struggles faced by the real estate industry amid rising interest rates and vacancies. Slate Office REIT (TSX: SOT.un) slashed its distribution to 1 cent per unit monthly from 3.3 cents, or almost … Continue reading REIT Cuts: Canadian Real Estate Trusts Are Slashing Payouts