Posted AT 6:00 AM EST on 15/03/08
REITs can offer solid foundation
Real estate has lost its curb appeal. Investment trusts are down about 25 per cent from their highs, yet real estate is performing well. Rents and cash flow are still rising, and occupancy rates are high. So why have the shares done so poorly?
Partly because they were richly valued last year, and partly because investors are worried about the economy, the credit crunch and equity markets. U.S.
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