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Wednesday, June 6, 2007

REITs stock pick today

for income-oriented investors.
Through April, the Standard & Poor’s REIT Composite gained 3.8%. Pretty resilient, given the collapse of the subprime mortgage industry, and the significant slowdown in the housing market, but a pale shadow of the index’s 2006 gain of 35.4%, and the three-year return of 25.7%.According to the National Association of Real Estate Investment Trusts, REITs enjoyed a 6.55% annual yield for the 10 years ending January 2005.
Hrpt Properties Trust HRP and North Star Realty NRF both have higher-than-average yields.
see forum about this topic

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