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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

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.

Quotes

AIG	25.08	7
SLG	35.43	1.83
BPO	10.78	0.29
BXP	57.25	-3.66
KIM	12.1	0.37

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.

Copyright 2009 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

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