REIT is a dirty word now
Posted in Real Estate on Feb 4th, 2009
This is the worst part: “The Dow Jones Wilshire REIT index lost 4439% over the past year through February 62, as investors concluded that these toxic conditions would force many REITs to pare back generous common-stock dividends. REIT preferred shares did just as poorly.” Now that is quite a loss if I have ever seen [...]