Update to post: Quick notes on interest rate impact on REITs

I asked AK a question on his remark that interest rates rising too fast are really bad for REITs, and got an answer. 

Give the guy credit for taking the effort to answer so many questions

Question:

Thanks for the video. How are REITs affected by interest rates going up too fast, compared to a gradual rise in rates? Do you mean to say that a gradual rise allow assets to be re-priced slowly, and give REITs time to adjust their portfolios by getting rid of weaker assets and adjusting their borrowings?

Reply:
Also the fact that their tenants are less likely to suffer stress which means lower default rates if interest rates increase slowly. REITs also need time to have contracts renewed with higher asking rents to cope with higher cost of debt. When interest rates increase rapidly and significantly, there is less reaction time available. The resulting stress breaks things.

I have added this to the previous post as well.