Although the real estate investment trust (REIT) sector has been suffering a steady downward trend for the last 12 to 18 months, it may be possible to identify bargains. By taking a value stock approach to REITs and identifying those with funds from operations (FFO) growth, trading below book value and paying dividends, the following three REITs seem to qualify. Dynex Capital Inc. (NYSE: DX) is a mortgage REIT with a market capitalization of $659 million. It continues to be available for purchas