Meanings of recur capex in English

The increase in recurring Capex is also weakening fixed-charge coverage.

As such, the recovery in fundamentals is not as robust once recurring Capex is subtracted.

The sectors most impacted by the rise in recurring Capex costs are suburban office buildings, strip centers and industrial properties.

Additionally, Fitch includes recurring Capex when calculating fixed-charge coverage on REITs to ensure that all recurring property-level costs are captured.