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October 29, 2012 at 06:01 AM EDT
REITs are priced to sell
When the yield of property REITs (real estate investment trusts) outstrips the yield on the 10-year US Treasury it can be a good time to own them. But nowadays there’s no margin of safety in REITs, writes John Coumarianos.
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Avalonbay Communities, Inc.
Essex Property Trust, Inc.
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