Approximately $8.3 million was invested in mutual finds dedicated to real estate for the week ending Apr. 25, which contributed to a rise in total asset value to about $20 million to $10.3 billion, unchanged from the week before when outflows totaled $19.2 million.
The average dividend yield for the week came in at 7.24%, down 0.01 from the week before, while the spread over the S&P slipped 3 basis points to 600 and 7 bps for the 10-year Treasury.
Bear Stearns says that, as expected, average FFO increased 10.6% per share for the companies it covers that have issued first quarter results, evidence that the national real estate market remains relatively strong.
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