UNHAPPY NEW YEAR

Retail REITs started 2008 where 2007 left off — with steep declines in stock prices.

RETAIL REIT SCORECARD
Symbol Price* 52-week
High
Chg 52-week
Low
Chg One
Month
Chg 31-Dec
07
YTD
Chg
Colonial Properties Trust CLP $21.85 $50.59 -56.81% $19.46 12.28% $21.36 2.29% 22.63 -3.45%
Feldman Mall Properties FMP $2.91 $13.00 -77.62% $2.42 20.25% $2.99 -2.68% 3.69 -21.14%
Vornado Realty Trust VNO $81.80 $136.55 -40.10% $77.39 5.70% $85.40 -4.22% 87.95 -6.99%
Cousins Properties Inc. CUZ $20.75 $40.75 -49.08% $20.38 1.82% $21.68 -4.29% 22.1 -6.11%
Equity One Inc. EQY $20.90 $30.88 -32.32% $20.37 2.60% $22.00 -5.00% 23.03 -9.25%
Agree Realty Corp. ADC $28.76 $36.00 -20.11% $27.29 5.39% $30.36 -5.27% 30.1 -4.45%
Saul Centers BFS $50.43 $62.74 -19.62% $41.86 20.47% $53.55 -5.83% 53.43 -5.61%
Cedar Shopping Centers Inc. CDR $9.96 $16.99 -41.38% $9.44 5.51% $10.70 -6.92% 10.23 -2.64%
Tanger Factory Outlet Centers SKT $35.07 $44.43 -21.07% $32.32 8.51% $37.99 -7.69% 37.71 -7.00%
National Retail Properties NNN $21.37 $26.15 -18.28% $20.20 5.79% $23.25 -8.09% 23.38 -8.60%
Ramco-Gershenson Properties Trust RPT $19.97 $38.75 -48.46% $19.18 4.12% $21.81 -8.44% 21.37 -6.55%
Taubman Centers TCO $46.01 $63.87 -27.96% $42.00 9.55% $50.31 -8.55% 49.19 -6.46%
Urstadt Biddle Properties Inc. UBA $14.93 $19.73 -24.33% $13.58 9.94% $16.33 -8.57% 15.5 -3.68%
CBL & Associates Properties CBL $22.60 $50.36 -55.12% $21.25 6.35% $24.77 -8.76% 23.91 -5.48%
Acadia Realty Trust AKR $22.90 $29.00 -21.03% $21.71 5.48% $25.10 -8.76% 25.61 -10.58%
Glimcher Realty Trust GRT $12.98 $29.69 -56.28% $12.50 3.84% $14.33 -9.42% 14.29 -9.17%
Simon Property Group SPG $79.54 $123.96 -35.83% $75.49 5.36% $89.78 -11.41% 86.86 -8.43%
Regency Centers Corp. REG $55.41 $93.49 -40.73% $53.69 3.20% $62.63 -11.53% 64.49 -14.08%
Inland Real Estate Corp. IRC $12.68 $21.14 -40.02% $12.37 2.51% $14.65 -13.45% 14.16 -10.45%
Kimco Realty Corp. KIM $30.92 $53.60 -42.31% $29.92 3.34% $35.93 -13.94% 36.4 -15.05%
Weingarten Realty Investors WRI $28.39 $52.30 -45.72% $28.07 1.14% $33.13 -14.31% 31.44 -9.70%
The Macerich Co. MAC $60.37 $103.59 -41.72% $58.92 2.46% $70.84 -14.78% 71.06 -15.04%
Capital Lease Funding LSE $7.37 $11.94 -38.27% $7.00 5.29% $8.65 -14.80% 8.42 -12.47%
Developers Diversified Realty Corp. DDR $32.92 $72.33 -54.49% $32.57 1.07% $39.48 -16.62% 38.29 -14.02%
Federal Realty Investment Trust FRT $66.36 $98.92 -32.92% $63.89 3.87% $79.68 -16.72% 82.15 -19.22%
Kite Realty Group KRG $12.18 $21.80 -44.13% $11.85 2.78% $14.76 -17.48% 15.27 -20.24%
General Growth Properties GGP $33.40 $67.43 -50.47% $31.43 6.27% $41.51 -19.54% 41.18 -18.89%
Realty Income Corp. O $21.72 $30.70 -29.25% $21.07 3.08% $27.24 -20.26% 27.02 -19.62%
PREIT PEI $23.21 $50.39 -53.94% $22.26 4.27% $29.46 -21.22% 29.68 -21.80%
* As of 1/17/2008, Yellow indicates new 52-week high or low
Source: Retail Traffic