Credit crunch is over, but REITs remain undervalued

05/15/2008 | Seeking Alpha

Newcastle Investment Corp. and RAIT Financial top the list of REITs that Seeking Alpha columnist Stephen Santrach thinks have a "ridiculously low valuation." Santrach notes the REITs are just the types of companies being looked at by managers at mutual funds that are opening to new investors. "Although REITs have bounced off their recent lows, their valuations are not fully reflecting the new market sentiment," he said.

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