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Closing Glance: REITs edge higher

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May 6, 2008

NEW YORK—Shares of real estate investment trusts edged higher Tuesday even as investors absorbed wider-than-expected losses from companies including government-sponsored mortgage company Fannie Mae and homebuilder DR Horton Inc.

Meanwhile, oil prices climbed to new record highs.

Here's how some REITs performed:

SL Green Realty Corp. rose 21 cents to $99.65.

Brookfield Properties Corp. rose 29 cents to $21.30.

Boston Properties Inc. rose $1.47 to $$103.84.

Kimco Realty Corp. rose 21 cents to $41.60.

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