The Moody's/REAL Commercial Property Price Index (CPPI) dropped 2.6 percent in February, ending a streak of three consecutive months with positive returns.
REIT shares continued their strong performance in the first three months of 2010, nearly doubling the performance of the S&P 500 in the quarter. REITs doubled their own values on a one-year basis at the quarter's end.
"Better visibility" in the commercial real estate market should have investors feeling more optimistic, according to Bob O'Brien, vice chairman and U.S. real estate leader with Deloitte.
Canadian REIT stocks have continued their upward trend in 2010, with several initial public offerings buoying the market, according to the Real Estate Property Association of Canada (REALpac).
REIT.com recently interviewed Pamela Matthews, director of investor relations, to discuss the impact of the recession on Digital Realty Trust's place in the competitive landscape.