Glimmer of Hope: REITs Rally in Quarter
SOURCE: Wall Street Journal
At least there are some signs of possible relief in the capital markets ahead...
Real-estate stocks have mounted a comeback so far this quarter, as Wall Street's worries over their ability to access the capital markets have eased.
The Dow Jones Equity All REIT Index has posted a 3.5% gain in total return between the end of the second quarter on June 30 and Tuesday's close, surpassing a 1% gain by the S&P 500-stock index and a 2.9% advance by the Dow Jones Industrial Average. The increase for stocks of real-estate investment trusts has -- at least for the first half of this quarter -- offset some of the index's second-quarter decline of 4.9%.
Read full story »
At least there are some signs of possible relief in the capital markets ahead...
Real-estate stocks have mounted a comeback so far this quarter, as Wall Street's worries over their ability to access the capital markets have eased.
The Dow Jones Equity All REIT Index has posted a 3.5% gain in total return between the end of the second quarter on June 30 and Tuesday's close, surpassing a 1% gain by the S&P 500-stock index and a 2.9% advance by the Dow Jones Industrial Average. The increase for stocks of real-estate investment trusts has -- at least for the first half of this quarter -- offset some of the index's second-quarter decline of 4.9%.
Read full story »
