31.03.2011 - REITs make about-face
The blockbuster rally in real-estate stocks is starting to sputter as investors begin to fret about global events such as unrest in the Arab world and the economic fallout from Japan. As investors prepare to close the books on the first quarter, the Dow Jones Equity All REIT Index had posted total returns of 4.6% as of Tuesday's close, trailing gains by the Dow Jones Industrial Average and the Standard & Poor's 500-stock index of 6.71% and 5.4%, respectively. That is an about-face from the past two years, when real-estate investment trusts' stocks routinely outpaced the overall stock market with gains of nearly 30% in 2009 and 2010, compared with less than 12% for the Dow industrials.............................................Full Article: Source
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