REITs Continue To Outperform Broader Market Despite Negative First Half Returns
June profit taking eroded solid gains made by REITs earlier in the spring. REITs finished in negative territory for the first half of 2008 but still bettered the performance of other major market benchmarks.
Washington, DC (Vocus) July 18, 2008 -- June profit taking eroded solid gains made by REITs earlier in the spring. REITs finished in negative territory for the first half of 2008 but still bettered the performance of other major market benchmarks.
• For the first half of 2008, the total return of the FTSE NAREIT All REITs Index, which includes U.S. Equity, Mortgage and Hybrid REITs, was down 5.52%, while the FTSE NAREIT Equity REITs Index was down 3.59%. By comparison, the S&P 500 was down 11.91% for the half, the Dow Jones Industrials were down 14.44%, the NASDAQ Composite was down 13.55% and the Russell 2000 was down 9.37%.
• For the second quarter of 2008, the FTSE NAREIT All REITs Index was down 5.13% and the FTSE NAREIT Equity REITs Index was down 4.93%, while the S&P 500 was down 2.73%, the Dow Jones Industrials were down 7.44%, the NASDAQ Composite was up 0.61% and the Russell 2000 was up 0.58%.
Read the rest of this release, click here.
Business - Podcast Date: Wed, 16 Jul 2008 17:21:39 -0700
|
