Why are REIT stocks tanking and defaulting?
I have some REIT stocks in my IRA. One of them just announced 2 weeks ago a normal dividend while their price was stable. Within that time, it dropped 75%, then they announced they "can't cover their margins", their stock is now worth pennies. How does that happen? Why does it appear fine and 9 trading days later it's worthless. There seems to be something about the REIT industry I'm missing as it's happening all over.
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