Fitch: US REITS down, European stable

In its quarterly report on REITs, rating agency Fitch says that US REITS are still vulnerable because of high leverage, weak property fundamentals, and uncertainty over when the economic winds will change for good. In Europe, it says the situation is somewhat more stable, in part because it sees less risk on rental prices over the next 18 months.

Also, if you have the stomach for some American economic double dip predictions, Seeking Alpha from Friday is suitably depressing.

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