By  on January 8, 2007

The running of the bulls will continue in 2007 — the bulls, of course, being retail REITs. According to the National Association of Real Estate Investment Trusts, the retail sector earned returns of 29 percent in 2006, with regional malls bringing in 23.8 percent and shopping centers a whopping 34.9 percent. Retail wasn’t even the highest earner among the REITs, a designation that went to the office segment, with 45.2 percent returns.

But still, retail REITs are “one of the cheapest in the REIT sector,” according to Ross Nussbaum, senior equity analyst for Bank of America. In his predictions in the 2007 Retail REIT Outlook, Nussbaum touts the strength of the retail REIT market and its relative value. Consider it buying designer goods at a discount.

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