Friday, April 25, 2008

REITs still have a Buy Rating

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.)

No comments: