Pennsylvania Real Estate Investment Trust

Top-Performing Commercial REITs

  1. Biggest Returns So Far in 2010
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    Biggest Returns So Far in 2010

    Investors anticipating a further recovery in commercial real estate prices amid ultra-low interest rates have bid up shares of real estate investment trusts in the sector this year. Which ones have logged the biggest gains? Here are the top 10 among commercial REITs with market capitalizations above $500 million, according to data from Bloomberg Rankings.
    Pennsylvania Real Estate Investment Trust
  2. 1. Glimcher Realty Trust
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    1. Glimcher Realty Trust

    Glimcher (GRT) owns, leases, manages, acquires, and develops enclosed regional malls, shopping centers, and single-tenant retail properties in the U.S.

    Total return year-to-date (through Oct. 29): 192.4 percent
    Total return 2009: 15.1 percent
    Dividend yield: 5.2 percent
    Market cap: $622.1 million
    Glimcher Realty Trust
  3. 2. Strategic Hotels & Resorts
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    2. Strategic Hotels & Resorts

    Strategic Hotels (BEE) owns and asset-manages luxury hotels in North America and Europe.

    Total return year-to-date (through Oct. 29): 145.2 percent
    Total return 2009: 10.7 percent
    Dividend yield: 0.0 percent
    Market cap: $694.4 million

    Strategic Hotels & Resorts, Inc.
  4. 3. Ashford Hospitality Trust
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    3. Ashford Hospitality Trust

    Ashford (AHT) owns several hotel properties in primary, secondary, and resort markets throughout the U.S.

    Total return year-to-date (through Oct. 29): 118.8 percent
    Total return 2009: 303.5 percent
    Dividend yield: 0.0 percent
    Market cap: $518.9 million
    One Ocean Resort
  5. 4. Hersha Hospitality Trust
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    4. Hersha Hospitality Trust

    Hersha (HT) operates upscale and midscale limited-service and extended-stay hotels in states throughout the northeastern U.S.

    Total return year-to-date (through Oct. 29): 100.1 percent
    Total return 2009: 20.6 percent
    Dividend yield: 3.3 percent
    Market cap: $1,026.6 million
    Hersha Hospitality Trust
  6. 5. Pennsylvania Real Estate Investment Trust
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    5. Pennsylvania Real Estate Investment Trust

    This REIT (PEI) owns shopping malls, strip and power centers, and industrial properties in the Mid-Atlantic and southeastern U.S.

    Total return year-to-date (through Oct. 29): 75.6 percent
    Total return 2009: 30.7 percent
    Dividend yield: 4.2 percent
    Market cap: $782.2 million
    Pennsylvania Real Estate Investment Trust
  7. 6. FelCor Lodging Trust
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    6. FelCor Lodging Trust

    FelCor (FCH) owns interests in upscale and full-service hotels throughout the U.S. and Canada.

    Total return year-to-date (through Oct. 29): 70.8 percent
    Total return 2009: 95.6 percent
    Dividend yield: 0.0 percent
    Market cap: $582.3 million
    FelCor Lodging Trust
  8. 7. CBL & Associates Properties
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    7. CBL & Associates Properties

    CBL (CBL) owns regional shopping malls and community shopping centers in the U.S.

    Total return year-to-date (through Oct. 29): 69.6 percent
    Total return 2009: 74.3 percent
    Dividend yield: 4.9 percent
    Market cap: $2,172.3 million
    CBL & Associates Properties Inc.
  9. 8. Colonial Properties Trust
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    8. Colonial Properties Trust

    Colonial (CLP) develops, owns, and operates retail, multifamily, and office properties in the southeastern U.S.

    Total return year-to-date (through Oct. 29): 57.9 percent
    Total return 2009: 54.8 percent
    Dividend yield: 3.3 percent
    Market cap: $1,382.6 million
    Colonial Properties Trust
  10. 9. Dundee Real Estate Investment Trust
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    9. Dundee Real Estate Investment Trust

    Toronto-listed Dundee (D-U:CN) is an unincorporated, open-ended real estate investment trust that acquires and manages office and industrial properties throughout Canada.

    Total return year-to-date (through Oct. 29): 51.1 percent
    Total return 2009: 89.3 percent
    Dividend yield: 7.4 percent
    Market cap: $1,310.1 million
    Altus Group Limited
  11. 10. General Growth Properties
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    10. General Growth Properties

    General Growth (GGP) owns, operates, leases, acquires, and expands enclosed regional shopping-mall centers throughout the U.S. The REIT, with its operating partnership, also has unconsolidated equity interests in other regional mall companies.

    Total return year-to-date (through Oct. 29): 45.3 percent
    Total return 2009: 813.3 percent
    Dividend yield: 0.1 percent
    Market cap: $5,316.3 million
    General Growth Properties