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REITs still have a Buy Rating

By Doug Cornelius

In another sign that the commercial real estate sector is not in the same trouble as the residential sector, many REITs still have good ratings from S&P.According to Business week in the first quarter of 2008, the group posted a 0.8% total return, at a time when the S&P 500 index fell 9.4%. (REITs Show Strength)Business Week put together a list of 17 REITs that have a 4- (buy) or 5-STARS (strong buy) rankings from S&P Equity Research:Alexandria ARE AMB Property AMB Annaly Capital Management NLY Developers Diversified Realty DDR Essex Property ESS Federal Realty FRT First Industrial Realty FR General Growth Properties GGP Macerich MAC Mack-Cali CLI National Retail Properties NNN ProLogis PLD PS Business Parks PSB Regency Centers REG Simon Property Group SPG Taubman Centers TCO Weingarten Realty WRI(Disclaimer: Some of these REITs are clients of my employer...continue to full post

Full post as published by Real Estate Space on April 25, 2008 (boomark / email).