thesession

Are REIT's Fairly Valued?

I agree that it helps support some value. One thing to note is that cash flows can also be helped by FED, esp. if that REIT has a high % of floating rate debt to fixed rate debt. The recet decline in Libor can affect 2008 FFO projections upward, but for most REITs, that is likely to be relatively small impact to FFO (assuming they hedge well).