Retail REITs down 78% from 2007 high; further decline expected

03/16/2009 | ClipSyndicate · Bloomberg

Despite a 78% fall in retail REIT stocks since they peaked in February 2007, experts say they are set to decline a little more, because of high unemployment and accelerating corporate bankruptcies. "REITs are cheap, but they're going to continue to be cheap," said Marc Halle, managing director at Prudential Real Estate Investors. If an upturn is on the horizon, it is still a few months away, he said.

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ClipSyndicate · Bloomberg

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