SNL: A-REITs are recovering more slowly than global counterparts

Australian REITs are slow in recovering from the financial downturn compared with their global counterparts, SNL reports. Between Dec. 31, 2007, and March 2, 2012, A-REITs posted an average total return of negative 44.18%, compared with negative 26.57% posted by the SNL Europe REIT index. In the U.S., REITs posted positive returns during that period, of 21.08%, as realized by the SNL U.S. REIT Equity index. To further their recovery, A-REITs have adopted defensive strategies, such as dispositions of their overseas portfolios.

View Full Article in:

SNL Financial (free access for SmartBrief readers)

Published in Brief: