The REIT Race
The following REITs are based in Southern California. The chart shows their closing prices as of July 31, their low and high share prices during the last year and their yield per share.
*--*
Ticker July 31 Southern California REITs symbol Exchange close Low** High** Alexander Haagen Properties* ACH AMEX 14.50 13.75 18.25 Alexandria Real Estate Equities ARE NYSE 28.44 24.06 34.56 American Residential INV NYSE 8.81 8.38 16.75 Investment Trust Angeles Mortgage ANM AMEX 18.00 15.00 19.88 Investment Trust Apex Mortgage Capital AXM NYSE 10.88 10.19 15.00 Arden Realty ARI NYSE 23.50 23.25 32.38 Burnham Pacific Properties BPP NYSE 14.00 12.75 15.75 Excel Realty Trust XEL NYSE 26.75 25.94 35.63 G&L; Realty Corp. GLR NYSE 17.25 16.50 21.75 Health Care Property Investors HCP NYSE 35.31 32.75 40.38 IMPAC Commercial Holdings ICH AMEX 14.56 14.00 20.75 IMPAC Mortgage Holdings IMH AMEX 15.75 14.00 18.56 Imperial Credit Commercial ICMI NASDAQ 12.00 10.63 19.13 Mort. Investment INMC Mortgage Holdings NDE NYSE 21.63 20.50 27.19 Irvine Apartment Communities IAC NYSE 28.63 28.06 33.50 Kilroy Realty KRC NYSE 23.00 22.00 30.00 LTC Properties LTC NYSE 17.88 17.19 21.94 Macerich MAC NYSE 27.31 24.75 30.38 National Golf Properties TEE NYSE 28.25 27.56 33.69 Nationwide Health Properties NHP NYSE 23.63 21.81 26.94 Pacific Gulf Properties PAG NYSE 20.56 20.38 24.63 Pan Pacific Retail Prop. PNP NYSE 20.56 19.38 22.75 Price Enterprises PREN NASDAQ 18.63 17.13 20.25 PS Business Parks PSB AMEX 23.50 19.31 26.63 Public Storage PSA NYSE 26.88 26.13 33.63 Realty Income O NYSE 24.81 23.75 27.81 Sunstone Hotel Investors SSI NYSE 11.19 10.75 18.19 Westfield America WEA NYSE 17.69 14.25 18.75
Southern California REITs Yield Alexander Haagen Properties* 9.93 Alexandria Real Estate Equities 5.63 American Residential 12.71 Investment Trust Angeles Mortgage 7.11 Investment Trust Apex Mortgage Capital 9.20 Arden Realty 7.15 Burnham Pacific Properties 7.50 Excel Realty Trust 7.48 G&L; Realty Corp. 9.04 Health Care Property Investors 7.31 IMPAC Commercial Holdings 9.48 IMPAC Mortgage Holdings 11.83 Imperial Credit Commercial 5.42 Mort. Investment INMC Mortgage Holdings 9.11 Irvine Apartment Communities 5.24 Kilroy Realty 7.04 LTC Properties 8.73 Macerich 6.74 National Golf Properties 6.09 Nationwide Health Properties 7.11 Pacific Gulf Properties 8.17 Pan Pacific Retail Prop. 7.39 Price Enterprises 7.52 PS Business Parks 4.26 Public Storage 3.27 Realty Income 7.98 Sunstone Hotel Investors 9.83 Westfield America 8.03
*--*
* Will become Center Trust Retail Properties.
**52-week range
Performance Comparison
Closing share prices of Angeles Mortgage Investment Trust are compared with performance of the Wilshire Real Estate Securities Index between December 1997 and July 1998.
Wilshire REIT Index: 235.42*
American Mortgage Investment Trust: $18.00
Note: The Wilshire Real Estate Securities Index is a market-capitalization-weighted index of publicly traded real estate securities such as real estate investment trusts (REITs), real estate operating companies (REOCs) and partnerships. The index is made up of companies whose charter is the equity ownership and operation of commercial real estate. The REIT share price return component is displayed in this overview.
*Wilshire REIT Index figures unavailable for July 31.
Source: Deloitte & Touche
