30.10.2008 - Australian listed real estate investment trusts are world's worst performers
From Theage.com.au: Australia has the worst-performing listed real estate investment trusts in the world, according to a global study. Of 16 countries with mature real estate investment trust (REIT) markets, Australia has delivered the worst returns to investors in the past year with an average loss of 48.71%. That compares with an average loss of 21% globally. Australian REITs also had the worst performance over three years, delivering a loss of 6.55%. .... Full Article: Source
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