REIT’s Expected to End 2005 on High Note
Author: Diana Heeb Bivona
While Wall Street has projected 2005 to be a down year for real estate investment trusts, REITS may prove to be the exception. Among the top REIT segments that have been performing well in 2005 are: self-storage up 29.7%; regional malls improved 17.2%; and residential increased 14.3%.
Observers attribute the solid performance of REITS to a continued need/desire for commercial properties. Investors are attracted to REITS because of their strong dividends and their tangibility factor over stocks.