Global REIT market cap rises 25% in year

Global REIT market capitalization was $764 billion as of June 30, up about 25% from the year before, according to a report by Ernst & Young.
NOV 09, 2007
By  D Hampton
Global REIT market capitalization was $764 billion as of June 30, up about 25% from the year before, according to a report by Ernst & Young. The U.S. REIT market is shrinking due to privatization and mergers, the report noted. There were 195 in North America and 253 REITs in the rest of the world as of June 30, according to Bloomberg data used for the report. A year before, there were 253 REITs in North America and 198 REITs in the rest of the world.

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