Real estate investment trusts--stocks that invest in properties like apartments and office buildings--were up more than 30% last year, the second year in a row for such stellar returns. That was thanks in part to low interest rates and strong demand for office space. Investors attracted to the healthy dividends REITs pay also have been piling in, and more and more retirement plans, such as 401(k)s, have begun offering REIT mutual funds. But after the big run-up, this may be the year the go-go party ends. "In the long term, returns from REITs have been comparable to returns from stocks," notes...
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