Colorado REITs Make Good Q4 Showing

DENVER-Not all of their stock prices rose, but Denver-based REITs and companies with real estate holdings performed better in the first quarter than local telecommunication and high-tech stocks.

In addition, the REITs pay dividends, which many high-tech companies do not. During the recent turmoil in the stock market, many financial experts advise investors to seek companies that pay dividends, which is expected to bode well for REIT investments.

AmeriVest Properties, which posted a 20.8% gain in the first quarter, has been one of the best performing local REITs. During the past year, its stock price has ranged from $5.95 to $3.88. In addition, it pays a 50-cent dividend, provides an 8.7% yield and has a P/E ratio of only 10. AmeriVest owns small and medium-sized offices.