The Primary REIT Indexes, Along With the Broader Market, Continued to Struggle in November
The FTSE NAREIT Equity REIT Index is down 46.50 percent for the year, through Nov. 30, following a 23.06 percent decline in November.
Washington, DC (Vocus) December 11, 2008 -- The FTSE NAREIT Equity REIT Index is down 46.50 percent for the year, through Nov. 30, following a 23.06 percent decline in November. The FTSE NAREIT All REIT Index is down 45.92 percent for the year after dropping 21.51 percent in November, according to the National Association of Real Estate Investment Trusts (NAREIT).
The broader market indexes also struggled through the first 11 months of 2008. For the period, the NASDAQ Composite is down 42.10 percent, the S&P 500 is down 37.66 percent, the Russell 2000 is down 37.42 percent, and the Dow Jones Industrials is down 33.44 percent.
The home financing REIT segment rebounded and moved into positive territory in November.
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Business - Podcast Date: Wed, 10 Dec 2008 18:01:44 -0800
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