Returns on REITs decline

July 11, 2007 12:00AM

Total returns for real estate investment trusts were down 9 percent in the second quarter, marking the first time in the past few years that REITs have not posted a hefty return. “In years past, it was relatively easy to make money from REITs,” says Paul Adornato, an analyst at BMO Capital Markets. “You just had to own a handful of them and chances are you would have outperformed the broader market.” more [WSJ]

Comments are closed.