Diversified REITs
REITs are diversified in one of two ways: type of property and location. Critics of diversified REITs contend that transparency is reduced and measurement is more difficult; sector-type REITs can be more easily compared to a more-defined group. Some companies such as Franklin Templeton prefer to only buy REITs for its mutual funds that are specialized in one sector. As of early 2013, the five largest diversified equity REITs were as follows:
Largest U.S. Diversified REITs [2013]
|
Name |
Billions |
5-Year Total Return |
|
Vornado Realty Trust (VNO) |
$15.0 |
-7.2% |
|
Liberty Property Trust (LRY) |
$4.2 |
44.2% |
|
Duke Realty Corp. (DRE) |
$3.7 |
-32.6% |
|
W.P. Carey Inc. (WPC) |
$3.3 |
94.9% |
|
PS Business Parks Inc. (PSB) |
$2.0 |
42.4% |