"The current rally in REIT shares is likely to continue through the remainder of 2000," said analyst Jay Leupp. "In this market, we recommend investors utilize a two-pronged strategy that includes investing in large-capitalization 'core holdings' and the 'best of the rest' large-and mid-cap stocks that have been overlooked or remain undervalued despite strong underlying fundamentals."
The analysts' top five core holding recommendations include Boston Properties (NYSE: BXP), Equity Office (NYSE: EOP), Prologis (NYSE: PLD), Apartment Investment and Management Co. (NYSE: AIV), and Simon Property Group (NYSE: SPG).
Their best of the rest recommendations include Crescent Real Estate Equities (NYSE: CEI), Glenborough Realty Trust (NYSE: GLB), PS Business Parks (Amex: PSB), Pan Pacific Retail Properties (NYSE: PNP), and Public Storage (NYSE: PSA).
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