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REIT's Foundation is Showing Some Cracks.

Authors :
McDonald, Ian
Damato, Karen
Source :
Wall Street Journal - Eastern Edition. 9/17/2004, Vol. 244 Issue 55, pC1-C15. 0p. 1 Graph.
Publication Year :
2004

Abstract

Reports that real-estate investment trusts, or REITs, are ringing up impressive gains, but some experts fear the sectors foundation could soon show some cracks. REITs, which primarily invest in a portfolio of real-estate investment trusts that own properties in hotels, apartments or office buildings and pass rental income on to shareholders; Modest price tags and attractive yields from REIT, which averaged a whopping 17% annual gain over the past five years, compared with a nearly 2% annual loss for Standard & Poor's 500-stock index; REIT investors, women of whom are worried that rising interest rates may cause risk-averse investors to switch to fixed-income securities.

Details

Language :
English
ISSN :
00999660
Volume :
244
Issue :
55
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
14415982