(LATimes.com) — Even though times are tough for many commercial landlords as rents and occupancy continue to decline, the stocks of real estate investment trusts have surged lately as investors bet that good times are ahead for the industry.
REIT stocks outperformed the S&P 500 by nearly double in the first quarter and doubled their value compared with the same period a year earlier, according to the National Assn. of Real Estate Investment Trusts.
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