Report: REITs now cheaper than private counterparts

03/4/2009 | Reuters

REITs and publicly traded real estate companies are cheap when compared with their private-sector counterparts, according to a report by Green Street Advisors. "I think they finally crossed through the threshold where we're willing to call them cheap. It's amazing what a 50-plus percentage decline in stock prices will do for valuations," Green Street Chairman Mike Kirby said.

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