TRAFFIC PATTERNS
Jun 1, 2008 12:00 PM
HOLDING FIRM
Retail REIT stock prices held steady in the past month. Glimcher posted the biggest gain.
BEYOND ATTRACTIVE YIELDS
REIT dividend yields are once again outperforming the 10-Year Treasury Note, with the SNL U.S. REIT Equity index yielding 4.66 percent versus 3.77 percent for the 10-Year T-Note.
HOUSE OF PAIN
Depreciation in home prices has accelerated in recent months, according to the S&P/Case-Shiller Home Price Indices. Clear declines are evident in the top 10 and top 20 city indices.
BARGAIN PRICES
REIT stocks have rallied in recent months, but firms are still trading at a discount to net asset value, according to SNL Financial’s calculations.
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