I only included traditional REITs, and thus I excluded Health Care, Storage, Institutional, Mortgage and other non-traditional ones.
The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
These 35 US REITs had their average stock prices drop by a massive 72% from the midpoint of President Bush's second Presidential term on December 31, 2006 and very early in President Obama's first term, or on March 6, 2009, which was these US REITs very lowest point resulting from the disastrous 2008 Financial Meltdown.
But nearly miraculously since March 6, 2009, the average stock prices of these 35 REITs have increased by an exceptional 302% through yesterday January 15, 2014.
Clearly, the investors in and executives of these 35 US REITs must be extremely pleased with the financial impact of actions taken by both the Obama Administration and the US Fed, which rescued many of them from almost certain bankruptcy.....when you lose 72% of your market value, there is an awfully good chance you are headed for the financial junk pile.
Below are the market prices of each of these 35 US REITs on January 15, 2014, on March 6, 2009, and on December 31, 2006:
Market | Market | ||||||
Price | Price | ||||||
% | % | ||||||
Increase | Decline | ||||||
Market | Market | Market | 3-6-09 | 12-31-06 | |||
Price | Price | Price | to | to | |||
REIT | HQs | 1-15-14 | 3-6-09 | 12-31-06 | 1-15-14 | 3-6-09 | |
SL Green Realty | New York | NY | 93.68 | 8.69 | 132.78 | 978% | -93% |
DDR | Beachwood | OH | 15.65 | 1.52 | 62.95 | 930% | -98% |
Macerich | Santa Monica | CA | 59.00 | 6.79 | 82.02 | 769% | -92% |
CBL & Associates Properties | Chattanooga | TN | 18.01 | 2.09 | 43.35 | 762% | -95% |
LaSalle Hotel Properties | Bethesda | MD | 31.18 | 3.91 | 45.85 | 697% | -91% |
Simon Property Group | Indianapolis | IN | 157.18 | 26.19 | 101.29 | 500% | -74% |
Host Hotel & Resorts | Bethesda | MD | 19.45 | 3.54 | 24.55 | 449% | -86% |
Apartment Investment&Mgt | Denver | CO | 26.72 | 4.94 | 46.96 | 441% | -89% |
Prologis | San Francisco | CA | 37.51 | 9.72 | 58.61 | 286% | -83% |
Douglas Emmett | Santa Monica | CA | 24.59 | 6.45 | 26.59 | 281% | -76% |
WP Carey | New York | NY | 62.02 | 18.02 | 30.07 | 244% | -40% |
Weingarten Realty Investors | Houston | TX | 28.96 | 8.43 | 46.11 | 244% | -82% |
Camden Property Trust | Houston | TX | 60.17 | 17.64 | 73.85 | 241% | -76% |
Duke Realty | Indianapolis | IN | 15.13 | 4.48 | 40.90 | 238% | -89% |
Boston Properties | Boston | MA | 105.19 | 31.73 | 111.88 | 232% | -72% |
Kilroy Realty | Los Angeles | CA | 51.35 | 15.52 | 78.00 | 231% | -80% |
UDR | Highlands Ranch | CO | 23.83 | 7.23 | 31.79 | 230% | -77% |
BRE Properties | San Francisco | CA | 57.70 | 18.28 | 65.02 | 216% | -72% |
Equity Residential | Chicago | IL | 53.78 | 17.09 | 50.75 | 215% | -66% |
Vornado Realty Trust | New York | NY | 92.01 | 29.31 | 121.50 | 214% | -76% |
Kimco Realty | New Hyde Park | NY | 20.76 | 7.01 | 44.95 | 196% | -84% |
Hospitality Properties Trust | Newton | MA | 26.71 | 9.09 | 41.90 | 194% | -78% |
Avalon Communities | Arlington | VA | 122.64 | 42.14 | 130.05 | 191% | -68% |
Essex Property Trust | Palo Alto | CA | 152.92 | 55.19 | 129.25 | 177% | -57% |
Federal Realty Investment Trust | Rockville | MD | 104.72 | 39.90 | 85.00 | 162% | -53% |
Mid-America Apartment Communities | Memphis | TN | 61.95 | 23.71 | 57.24 | 161% | -59% |
Realty Income | Escondido | CA | 38.77 | 15.03 | 27.70 | 158% | -46% |
National Retail Properties | Orlando | FL | 32.09 | 12.96 | 22.95 | 148% | -44% |
Equity LifeStyle Properties | Chicago | IL | 36.80 | 15.29 | 27.22 | 141% | -44% |
Home Properties | Rochester | NY | 55.68 | 25.36 | 59.27 | 120% | -57% |
Highwood Properties | Raleigh | NC | 36.45 | 16.72 | 40.76 | 118% | -59% |
Regency Centers | Jacksonville | FL | 47.78 | 22.02 | 78.17 | 117% | -72% |
Liberty Property Trust | Malvern | PA | 35.09 | 16.95 | 49.14 | 107% | -66% |
Alexandria Real Estate Equities | Pasadena | CA | 65.84 | 32.83 | 100.40 | 101% | -67% |
Senior Housing Properties Trust | Newton | MA | 22.23 | 11.39 | 24.48 | 95% | -53% |
Average % Change all 35 | 302% | -72% |