In its more than 45 years in existence, the publicly traded real estate industry has grown dramatically. Not only has the industry’s overall equity market capitalization and the size of the individual companies increased significantly, but the industry’s liquidity and performance have shown an equally impressive growth record.
| Growth in Company Size |
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| Average Daily Trading Volume of Listed U.S. REITs |
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Cumulative Performance: 30 Years
$1,000 in U.S. REITs in September 1975 equals $50,327 in September 2005
$1,000 in S&P 500 in September 1975 equals $38,804 in September 2005 |
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| Source: NAREIT |
