SNL: REITs are still well-positioned for longer term

The SNL US REIT Equity Index dropped 9% on Monday. It was the largest single-day decline since the index fell 19.3% and 15.2% in December 2008. In the long run, though, REITs are in good shape, says Keven Lindemann, director with SNL Financial. "For the most part, REITs own high-quality, attractive assets, and the companies tend to have reasonably strong balance sheets," he said. "The interest rates are certainly low, which benefits REITs as big users of capital." Also, REITs continue to offer better dividend returns than bonds.

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SNL Financial (free access for SmartBrief readers) · REIT.com

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