As we see Wall Street finally starting to bottom out, as many of our senior analysts had warned us on, we can’t help but be reminded that this all started with the housing crunch. How are real estate investment trusts [REITs] faring? We spoke with Greg Sukenik, senior REIT analyst for Zacks Equity Research, to find out.

Considering the uphill climb most REITS have undertaken this year, would you say the real estate cycle is basically where you thought it would be? Is it different for different types of REITs?

The REIT sell-off began in early 2007. After several years of good returns, REITs were trading at historically high and probably unsustainable valuations. We did expect commercial property REITs to be negatively affected by the problems in the credit markets which were brought on by the meltdown in residential real estate and a declining overall economy.

So to

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