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Article: REITs Go Global: Welcome to the brave new world of international real estate securities.(Real estate investment trusts)
- Article from:
- Financial Planning
- Article date:
- April 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Why, land is the only thing in the world worth workin' for, worth fightin' for, worth dyin' for, because it's the only thing that lasts." -Gone with the Wind
Whether you agree with Scarlett O'Hara's dad or not, there's no denying that land-if not Southern plantations, then certainly modern malls, condos, and hotels-has been an awfully good investment of late. For 2004, the nearly 200 U.S.-based real estate investment trusts (REITs) that collectively make up the NAREIT Composite Index returned 31.6%. Over the past five years, the NAREIT's compound annual return has been 22%, and over the past 10 years, 14.8%. Not even vintage Pez dispensers have done that well, ...