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Fed Comments Take the Wind Out of REITS

Real estate stocks sold off sharply again Thursday as investors fretted that the end of the era of low interest rates looms ahead.Remarks Wednesday by U.S. Federal Reserve Chairman Ben Bernanke and minutes from the Fed's recent policy meeting suggested the Fed might start pulling back on its quantitative easing program, which fuels historically low interest rates and drives a cross section of investors into real estate investment trusts for higher yields. As such, an end to quantitative easing could damp demand for REITs, analysts say.The total return of the Dow Jones Equity All REIT Index, which tracks 137 REITs, is down 4% from Tuesday's closing. The S&P 500 index is down 1% during that span.Among the individual REITs posting the steepest losses in recent trading are warehouse landlord Prologis (PLD), which declined 2.5% to $42.40. Healthcare Realty Trust (HR) lost 2.7% to $27.77 and Regency Centers Corp. (REG), a strip mall landlord, lost 2% to $54.72."REITs took a hit because they ...

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  3. Prologis CEO on Outlook for Industrial Real Estate

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  4. Prologis 4th-Quarter Loss Widens Sharply Amid Asset Write-downs, Debt-Extinguishment Charges

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  9. Prologis Posts Modest Second-Quarter Profit

    Prologis Inc. (PLD) swung to a modest profit in the second quarter from a year-earlier period marked by merger-related charges and a sharp rise in revenues for the w...

  10. Prologis Swings To Modest 2Q Profit On Prior-Year Merger Expenses

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  11. ProLogis 2Q Earnings Pregame Scorecard

    After hitting analysts' expectations last quarter, ProLogis (NYSE:PLD) will report its latest earnings on Thursday, July 26, 2012.ExpectationsAnalysts currently expe...

  12. Prologis Swings To 1Q Profit As Acquisition Buoys Revenue

    DOW JONES NEWSWIRESPrologis Inc. (PLD) swung to a first-quarter profit as the warehouse real-estate investment trust's rental income more than doubled, with a boost ...

  1. Blackstone, Prologis Acquire Industrial Portfolio

    Blackstone Group LP (BX) and industrial landlord Prologis Inc. (PLD) agreed to acquire a warehouse portfolio that is majority owned by Lehman Brothers for $960 milli...

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    Stocks clung to gains in late-session trading after a better-than-forecast reading from the labor market.The Dow Jones Industrial Average rose 29 points, or 0.2%, to...

  3. MARKET TALK: Prologis Deal Seen Highlighting REIT-Share Demand

    Investors of all stripes are "crashing the REIT party," Forward Management REIT fund manager Ian Goltra tells Dow Jones, as the search for yield is heightening appea...

  4. Prologis Stock-Offer Pricing Seen as Sign of REIT, Yield Demand

    Prologis Inc.'s (PLD) $1.3 billion stock sale, the second-largest such offering by a U.S. real-estate investment trust this year, priced at a slim 2.5% discount to t...

  5. Prologis Sales of 31 Million Shares Prices at 2.5% Discount

    Prologis Inc.'s (PLD) offer of 31 million common shares priced at a 2.5% discount to Wednesday's close in the second-largest equity offering by a U.S. real-estate in...

  6. ProLogis Unveils $1.3 Billion Stock Offering Amid Demand for REIT Shares

    ProLogis Inc. (PLD) world's largest industrial landlord, said late Wednesday it plans to offer at least $1.3 billion in stock, the second-largest equity offering by ...

  7. Prologis 1st-Quarter Profit Up 34% On Higher Rental Revenue, Occupancies

    Prologis Inc.'s (PLD) first-quarter earnings rose 34% as the warehouse real-estate investment trust benefited from stronger rental revenue and occupancy rates.The ne...

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