In another sign that the commercial real estate sector is not in the same trouble as the residential sector, many REITs still have good ratings from S&P.
According to Business week in the first quarter of 2008, the group posted a 0.8% total return, at a time when the S&P 500 index fell 9.4%. (REITs Show Strength)
Business Week put together a list of 17 REITs that have a 4- (buy) or 5-STARS (strong buy) rankings from S&P Equity Research:
| Alexandria | ARE |
| AMB Property | AMB |
| Annaly Capital Management | NLY |
| Developers Diversified Realty | DDR |
| Essex Property | ESS |
| Federal Realty | FRT |
| First Industrial Realty | FR |
| General Growth Properties | GGP |
| Macerich | MAC |
| Mack-Cali | CLI |
| National Retail Properties | NNN |
| ProLogis | PLD |
| PS Business Parks | PSB |
| Regency Centers | REG |
| Simon Property Group | SPG |
| Taubman Centers | TCO |
| Weingarten Realty | WRI |
(Disclaimer: Some of these REITs are clients of my employer.)
