4.48%XLF 15.92 10.56%QQQQ 32.65 6.34%
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NEW YORK - Shares of major real estate investment trusts mostly rose Wednesday after the Federal Reserve cut a key interest rate by a quarter-point to 2 percent as expected by Wall Street.
| AMB | 31.55 |  -4.15 |
| SPG | 73.01 | -8.32 |
| VNO | 73.35 | -6.26 |
| EQR | 36.64 | -2.03 |
| VTR | 39.75 | -2.28 |
| PLD | 27.69 | -4.11 |
The move marked the seventh straight rate cut as the Fed tries to keep the economy from falling into a recession and loosen the current squeeze on credit markets, which has stalled investment sales in commercial real estate.
Here is how some key REIT stocks performed in Wednesday afternoon trading shortly after the Fed rate cut.
AMB Property Corp. up 39 cents to $58.96.
Simon Property Group Inc. added 63 cents to $102.12.
Vornado Realty Trust gained 72 cents to $95.47.
ProLogis slipped 20 cents to $63.98.
Equity Residential rose 45 cents to $42.88.
Ventas Inc. gained 29 cents to $49.37.
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