7/2/2008

The Dow Jones Equity All REIT Total Return index fell 4.9% in the second quarter after posting a first-quarter gain of 1.4%. Economic and credit concerns forced REITs to trail second-quarter returns from the S&P 500 index. "People are not expecting the credit market to open anytime soon," Jeffrey Spector, a REIT analyst with UBS AG, said in explaining the drop.

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