Storage, apartment REITs still bucking broader trends

10/13/2008 | NYTimes.com

Storage and apartment REITs are still faring better than the broader sector. While storage REITs have declined 4.3% this year and apartment REITs have fallen 14.15%, the overall sector is down 29.6%. Meanwhile, the S&P 500 Index is down 38%. "A lot of households are really concerned about the future of housing prices and mortgage interest rates, so they're going to wait it out and rent, and while they're renting, they need a place to store their extra stuff," said Brad Case, vice president for research and industry information at NAREIT.

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