Reits look good, for now

[mikh]

"REITs are attractive investments to investors because they provide relatively stable yield. There's potential upside in stock prices and there is strong steady income for a very certain period - usually 3 to 5 years. So on this basis, they are attractive to investors," said Robson Lee, partner at Shooklin & Bok.

Sounds good!? No downside! CNA giving investment analyst job to lawyer again.

George Lee, executive VP of Group Investment Banking at OCBC Bank said: "If you look at the FTSE sub-index, year-to-date it has risen by 11.6 per cent. Now compare that to the trough reached in March 2009, the index has risen by 149 per cent.

"Our view is that it has not over-shot, because notwithstanding the very strong performance of the REITS sector in the last couple of years, it is still 37 per cent off the peak reached in June of 2007."

Alternate view means that some investors who bought in June 2007 are still under-water. 3-5 yrs already.