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Closing Glance: REITs fall as oil prices move higher

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By AP
09 May 2008 @ 04:08 pm ET

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NEW YORK - Shares of real estate investment trusts ended lower Friday amid wider-than-expected losses at insurer American International Group Inc. and escalating oil prices.

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AIG	25.08	7
SLG	20.49	-0.08
BPO	7.78	0.2
BXP	46.35	-0.9
KIM	9.49	0.23

Crude oil prices continued to fan inflation concerns, as oil futures rose above $126 a barrel for the first time.

How some REITs performed Friday:

SL Green Realty Corp. dropped $1.21 to $94.75.

Brookfield Properties Corp. fell 11 cents to $20.33.

Boston Properties Inc. slipped $1.82 to $97.76.

Kimco Realty Corp. shed 30 cents to $39.49.

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