Interest Rates...From their October Investor Presentation, they have about 1.2 Billion in debt coming up for maturity by end of 2017. The debt is at about 4.5 %, they should be able to renew at about 2.5-3 %. That's about 20-25 million a year in ongoing interest rate savings, or about 10 cents a share/yr. Nothing to sneeze at. So although interest rates will go up long-term, it shouldn't have as much of an effect short term since they will continue to roll-over at lower rates than when the debt was first issued. Also, I don't believe we will see the overnight BOC rate above 3 % until 2020. Its going to be slow and steady for the BOC. So Im not too worried about interest rates. If I was, I wouldn't be in REITS. Plus, REITS have been successful in the past with much higher rates; although cap rates were higher as well.