After two years of double-digit losses, REIT stocks made a comeback in 2000 as investors fled flagging high-tech stocks for safer investments.

According to the National Association of Real Estate Investment Trusts, the sector returned 25.9%, their best performance since 1996. The association’s public equity 100 led the group with a 28.66% return, followed by equity REITs with 26.4%, and mortgage REITs with 15.96% — bouncing back from close to 50% declines from early 1998 to the fall of 1999.

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