Piper Jaffray Launches REIT Coverage

U.S. Bancorp Piper Jaffray has initiated coverage of nine office and industrial real estate investment trusts and published the first edition of The REIT Desk Reference.The report contains in-depth analysis of all nine REITs, including a proprietary forecast of credit trends, the company said. "The foundation of the desk reference is the proprietary financial models, which forecast each REIT's financial statements for the next two years and include three years of historical data," U.S. Bancorp Piper Jaffray said. "Each model contains estimates for key assumptions, such as real estate market conditions, capital raising/buyback activity, and portfolio changes." The covered REITs are: AMB Property Corp., Boston Properties, CarrAmerica Realty Corp., Duke Realty Corp., Equity Office Properties Trust, First Industrial Realty, Highwood Properties, Liberty Property Trust, and ProLogis Trust. The company's website address is http://www.piperjaffray.com.