Monday, April 28, 2008

REITs outperformed in first quarter 2008

The REITs' performance in the first quarter is particularly impressive, considering their returns this decade. In the past 10 years (ended March), the S&P REIT composite index posted a total return of 4%, vs. the S&P 500's 3.5%. Then, in 2007, as news about a real estate bubble and subprime mortgage problems filled the headlines, REITs fell about 16%.

But in the first quarter of 2008, the group posted a 0.8% total return, at a time when the S&P 500 index fell 9.4%.

source: REITs Show Strength

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