Bargains in the REIT Wreckage (BusinessWeek Online)

[riky]

Bargains in the REIT Wreckage
    (BusinessWeek Online)

 

BusinessWeek Online - After a terrible 2008, real estate investment trusts are having an awful 2009. The SPDR Dow Jones Wilshire REIT (NYSEArca:RWR - News) exchange-traded fund, which tracks 82 REITs, has dropped 35% after plunging about 45% in 2008. On Mar. 19, Moody's  downgraded General Growth Properties  to "C," its lowest rating above default, prompting another wave of selling.


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