Net outflows for dedicated real estate mutual funds totaled $11 million for the week ending Feb. 28, although, due to price appreciation, assets grew a little to $10.5 billion. The 30-day average trading volume for these funds is 16.6 million shares, 13% above the 14.7 million shares that changed hands last week. The spread over the 10-year Treasury moved from 220 to 226 basis points last week while the spread over the S&P 500 tightened to 588 bps, down from 609 bps the week before.
Ninety of the 113 firms covered by the REIT Monitor have issued their fourth quarter 2000 reports, with 79% beating or meeting analysts' estimates, down from 83% who did so in the third quarter.
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