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NAREIT introduces index for real estate investors

The National Association of Real Estate Investment Trusts (NAREIT) of Washington, D.C. has introduced a continuously updated REIT index. Steven A. Wechsler, president and ceo of NAREIT, said the new index allows investors to better gauge industry performance and compare returns of individual REITs against the industry as a whole. NAREIT's index is the only REIT index to include all 211 REITs currently trading on the New York Stock Exchange, NASDAQ and the AMEX, Wechsler says.

It is also the first index to include monthly historical statistics from 1972 and daily historical statistics from 1988.