Lindemann: REITs' values on the high side, but earnings growth is strong

04/26/2013 |

REITs are trading at a premium of 14% to NAVs, which is high, says Keven Lindemann, director with SNL Real Estate. Also, stock prices relative to funds from operations are high, he says. There is concern that valuations are getting too high, he acknowledges, "but earnings growth continues to be reasonably strong, and the companies tend to keep clean balance sheets."

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