COVID: Shift to virtual meetings | U.S. performance flat

REITs targeted after using federal aid U.S. Rep. Alexandria Ocasio-Cortez is taking aim at real estate investment trusts that seek to use federal aid to pay out shareholder dividends. The progressive congresswoman criticized industry trade group Nareit for lobbying congress to allow REITs to use federal aid to pay dividends. Ocasio-Cortez said that while an estimated 70% of hotel workers have been laid off, hotel companies were still paying out millions to shareholders. She pointed to three hospitality REITs in her letter: Park Hotels and Resorts, CorePoint Lodging Trust and Apple Hospitality, which at the end of March paid shareholders US$105…
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