Future relative performance of REITs

This is a great article by Ralph Block on fool.com - the Motley Fool website. It introduces guidelines along which the different asset classes - bonds, commercial real estate and equities are "priced", and offers that REITs are of modest risk and have the same return on capital as equities. Although the earnings season of REITs in the US have ended, the first game has just begun in Europe. Hello Germany :-) It's a simple article, requires a small bit of arithmetic to understand, so I recommend you to go and read it.