Interesting. I wonder if adjustment to M2M rules would have as...

Interesting. I wonder if adjustment to M2M rules would have as much effect on REITs as it would other types of stocks?

Notwithstanding current issues of lack of comparable evidence, real estate is a very easy asset class to value. Makes analysts job easier, which should in turn flow through the market's perception of value and therefore SP.

Also, whether it is an accounting requirement or not, banks are typically going to want the right to value in order to protect their debt, so it won't touch the current issue of banking covenant breaches.