What’s Wrong With REITs, Anyway? – WSJ

What’s Wrong With REITs, Anyway?

 That’s one of the clearest lessons from the Federal Reserve’s decision this Wednesday to scale back, or “taper,” its bond-buying program to $75 billion from $85 billion per month.

Between Wednesday morning and Friday’s close, stocks gained 2.1%. But real-estate investment trusts—the popular, publicly traded bundles of commercial, residential and other property—were up just…