The Right Stuff In Picking Rei Ts

Wall Street just can't get enough of real-estate investment trusts (REITs). Even as the market for REITs undergoes a correction, analysts expect 1993's issuance to top 1992's record $6.5 billion, adding $8 billion or so to the $21 billion market. Many investors will find the above-average yields of 7% on many REITs enticing. But "when you get this much activity, there will probably be deals that don't work out," says Salomon Brothers real-estate analyst S. Michael Giliberto. Knowing what to look for in a REIT's prospectus can help uncover potential problems in an

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