year, and we think they should remain so for the next 12 to 24 months. During the same period we expect there to be an excess supply of housing on the market. The market is cooling as many condo buyers opt to rent. We see an oversupply of units on the market and very weak pricing power.
|Â||52-week Price Range||Â||Â||Â||Â|
|Company (Ticker)||Price||Low||High||2008 Est. EPS||2008 P/E Ratio||Comment|
|First Potomac Realty Trust (FPO)||$23.80||$18||$32||$1.87||12.7||The largest owner of industrial and flex property in the Washington, D.C., area.|
|Mack-Cali Realty Corp. (CLI)||$43.84||$37||$57||$3.62||12.1||The Edison, New Jersey, commercial office space REIT benefits from management’s focus on reducing debt.|
|Ventas Inc. (VTR)||=”TOP”>$44.79||$27||$48||$2.78||16.1||Revenue of the Louisville, Kentucky, healthcare REIT is becoming less reliant on Medicaid funding.|
Data as of 10/9/07 Source: Yahoo Finance