Reits revival talk may just be whistling in the wind

Reits have taken a severe beating as property prices have tumbled. Yet there is little agreement about where the bottom of the market lies. Reits cheerleaders are still talking up their recovery prospects, but is talk of a renaissance premature? Julian Marshall reports.

Diamonds in the Reits rough

Depending on which market barometer you read, real estate investment trusts are either a potentially good investment or best left untouched, even by the longest bargepole. The minute one of the sector’s standard bearers attempts to make a rallying call, almost immediately it receives another hammer blow.

Research and analysis of Reits offers vastly conflicting opinion. For instance, Standard & Poor’s third-quarter report into global property suggested Reits offered investors some opportunity.

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