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Opening Glance: REITs rise on falling oil prices



By AP
03 June 2008 @ 10:19 am EST

NEW YORK - Shares of real estate investment trusts traded higher Monday morning after Federal Reserve Chairman Ben Bernanke maintained expectations that the economy will get better later this year.

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Investors were also relieved by falling oil prices.

How shares of some REITs performed shortly after the market opened:

SL Green Realty Corp. rose 77 cents to $96.93.

Brookfield Properties Corp. added 2 cents to $19.89.

Boston Properties Inc. climbed 81 cents to $95.73.

Kimco Realty Corp. gained 39 cents to $38.54.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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