Douglas Emmett IPO Pops

Stock quotes in this article: DEI , ASN , SLG  

REIT stocks fell slightly Tuesday as money shifted into the $1.4 billion Douglas Emmett IPO. The MSCI U.S. REIT Index was down 0.5%.

The sector also saw disappointing expense issues at luxury apartment owner Archstone-Smith(ASN Quote).

Archstone dropped 56 cents, or 1%, to $58.44. SL Green was down 1.57, or 1.3%, to $119.

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