"This is good news for commercial real estate, showing a
recovery well under way" says Rick Ferris, President of Sequoia Realty.
The total return index for retail REITs stood at 584.29 at the end of 2010 and is up 169 percent since bottoming out at 216.82 in February 2009. However, the index remains 33 percent below its all-time peak of 878.58 reached in April 2007.
The retail REIT price index, meanwhile, has risen 150 percent since February 2009 from 81.14 to 202.94 and remains 44 percent below its all-time peak of 363.25 reached in February 2007. The dividend yield for retail REITs was 3.47 percent for the year.
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