contact us



















2006 Stock Challenge

Results through December 31, 2006

click here for the 2005 Stock Challenge results

NAME COMPANY TOTAL RETURN CURRENT
PORTFOLIO
Jay Leupp Alesco Global Advisors 40.77% 1. Equity Office Properties - PSB
2. Archstone-Smith - GGP
3. Public Storage, Inc - AIV
4. Host Hotels & Resorts - HST
5. CBL & Associates Properties - ANL
Peter Slatin The Slatin Report 35.89% 1. SL Green Realty Corp. - SLG
2. Mid-America Apartment Communities, Inc. - MAA
3. Host Hotels & Resorts - HST
4. Extra Space Storage - EXR
5. American Campus Communities, Inc. - ACC
Anatole Pevnev REITcafe.com 35.57% 1. Kimco Realty Corporation - KIM
2. Corporate Office Properties Trust - OFC
3. ProLogis - PLD
4. Post Properties - PPS
5. FelCor Lodging Trust, Inc - FCH
Stephanie Krewson BB&T Capital Markets 32.37% 1. Archstone-Smith - ASN
2. Federal Realty Investment Trust - FRT
3. ProLogis - PLD
4. LaSalle Hotel Properties - LHO
5. Crescent Real Estate Equities - CEI
Art Havener A.G. Edwards & Sons 32.13% 1. Home Properties - HME
2. Eagle Hospitality Properties - EHP
3. Alexandria Real Estate Equities - ARE
4. EastGroup Properties - EGP
5. Equity Lifestyle Properties - ELS
Ralph Block Phocas Financial Corp. 32.06% 1. AvalonBay Communities - AVB
2. Ventas, Inc - VTR
3. Federal Realty Investment Trust - FRT
4. Sunstone Hotel Investors - SHO
5. AMB Property Corporation - AMB

Challenge Rules
The participants were asked to predict the 2006 year-end value of the NAREIT Equity REIT Index. In addition, each participant will select a portfolio containing the five individual real estate stocks anticipated to be top performers-the portfolios can be altered on an as-needed basis throughout the year. Participants may select companies from the constituent lists of the NAREIT Equity Index or the NAREIT Real Estate 50 Index.

The analyst who comes closest on a percentage basis to predicting the year-end value of the NAREIT Equity Index will be the winner of that portion of the challenge (prediction can be higher or lower than the final index value). The portfolio portion will be judged based on total return at the end of the year.

The Stock Challenge is for entertainment purposes only and readers should keep in mind that the selections made are not recommendations to purchase any specific stock.


Real Estate Portfolio® is the magazine for REITs and real estate investment.

It is published bimonthly by the National Association of Real Estate Investment Trusts® (NAREIT),
1875 I Street, NW, Suite 600, Washington, DC 20006–5413.
Phone 202-739-9400.