REITs - Real Estate Investment Trusts - Info & Discussion: Re: Barron's Interview with Susan Byrne
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» RhyneN - Re: Barron's Interview with Susan Byrne
In response to message posted by JenL_2:Barry Vinocur sent a Realty Stock Review e-mail today mentioning Barron's interview. He said that out of curiosity he decided to run a 10 year comparison of the annualized total return of Varnado and Kimco against the S&P500 and Berkshire Hathaway (since Buffett got so much publicity about REITs in the Wall Street Journal last week).
He couldn't do 10 years since Kimco was listed 11/29/91. The result of his total return analysis from 11/29/91 through 8/31/01 is:
Varnado 24.7%
Berkshire Hathaway 24.2%
Kimco 20.7%
S&P500 14.3%
The better REITs have performed well in recent years, except for the 98 and 99 drop.
-- posted by RhyneN
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