Australian REIT industry bouncing back from financial crisis

07/20/2009 | InvestorDaily (Australia)

The Australian REIT industry is paying down debt and staging a comeback, but during the downturn it declined more than the equity markets generally. The upward trend in share prices, at a time when asset prices are still headed down, demonstrates that publicly traded REITs are valued more like equities than property vehicles, said David Parker, a senior equities analyst at Morningstar.

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