Reitnut’s Activity

Sun Nov 16

NL

Boards Post

Reitnut posted to the Real Estate Inv. Trusts: REITs board. 8:55 PM

Three Dogs - Part 3

This is the last part of the discussion on REITs between my three Goldens.

Ralph


Let’s conclude our three-part series of canine chatter by eves-dropping on my Golden Retrievers’ discussion of value creation. This is [more]

NL

Boards Post

Reitnut replied to the Real Estate Inv. Trusts: REITs board. 8:48 PM

Re: Three Dogs - Part 2

Bernhard, your questions are good ones. I think the focus of new REIT investors should be primarily upon owning quality merchandise, and not worrying too much about overpaying for the best REITs. I have found that during the vast majority of the [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 8:21 PM

Re: Industrial, commercial RE - terminology

The term "industrial real estate" is a confusing term. It generally refers to that specific sector of commercial real estate which includes warehouses, distribution centers, "flex space" (serving as a combination of office, [more]

Sun Nov 9

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 8:10 PM

Re: Three Dogs - Part 2

Valuemonger, your points are well-taken. I have always believed that estimated NAVs should be much more widely available; this will happen some day, when the accounting profession finally approves Fair Value Accounting - but by then I may be sitting [more]

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 7:59 PM

Re: HCN

HCN has been winning many new fans, due in large part to its ability to partner with large healthcare providers who would like to rid their balance sheet of capital-intensive real estate assets. Management argues that this gives them a leg up on [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 7:49 PM

Re: ARCP: Files "Non-Reliance" on fin

Trashings like ARCP has taken recently often give rise to great buying opportunities for value-oriented investors. But sometimes they are simply "value traps," and never pull out of their nose-dives. Lots of seemingly smart investors lost a [more]

Sun Nov 2

NL

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Reitnut posted to the Real Estate Inv. Trusts: REITs board. 11:30 AM

Three Dogs - Part 2

This is the second part of my "three dog" series of three posts I did for Block Party last month. This one was dated about Sept 15, when REIT stocks were \being trashed as the yield on the 10-year T-note ran up to 3.6%. [more]

Sat Nov 1

NL

Boards Post

Reitnut replied to the Real Estate Inv. Trusts: REITs board. 9:17 PM

Re: ROIC reports

I have been asked by a friend who posts here regularly to say a few words about ROIC's warrants. As some of you may remember, ROIC issued 49.4MM warrants way back in 2007 in connection with its IPO, exercisable at $12 and expiring in October of this [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 8:43 PM

Re: REIT Preferreds: Sell today or hold forever

Well, Yoda, you certainly provoked a controversy here, which was probably not your intent - but you also stimulated some intelligent thoughts (and points of view) on interest rates, bond yields, government debt and all sorts of other issues of [more]

Sun Oct 12

NL

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Reitnut posted to the Real Estate Inv. Trusts: REITs board. 6:49 PM

A Three-Dog Afternoon

This was posted something over a month ago on Block Party...I don't think much has changed since I wrote this.

Ralph


About a month ago Paula and I adopted another critter; Maggie is a six-year-old off-white Golden Retriever, [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:40 PM

Re: Buybacks

My take on buybacks is rather simple. I think there is nothing inherently wrong with stock buybacks, and that the wisdom of such depends on whether the company is buying back stock at below intrinsic value. Warren Buffet says that a company should [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:22 PM

Re: Tech REITs

I have said some kind words on this Board about COR and AMT, and still believe that they have good potential.

COR is less exposed to competition from the likes of Amazon and Google, as much of their assets are "network-dense" [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:10 PM

Re: Ventas

I'm confused by the 3.5% capital appreciation rate -- was that just a what-it-would-take-to-get-to-8%-total-return number rather than a forecast?

It would seem if you expect 5% AFFO per share growth and we hold constant market rates and
[more]

Sun Sep 28

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:33 PM

Re: Reit Common

It's kind of funny when you think about it...I have no knowledge of Brad Thomas' skill or expertise, and I found much fault with one of his pieces on...what was it?...ROIC? That said, I have read only one of them.

What may be funny is that I [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:26 PM

Re: PCI - Pimco Dynamic Credit Income..

Splendid post on PCI, BruceCM. It again demonstrates that there is rarely a free lunch in the investment world, and a yield of over 8% these days means that investors ARE taking some risks. In my opinion, that risk is worth taking with a very modest [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:07 PM

Re: REIT swoon . . .thank the ETF's

I very much agree with Yoda's analysis. It is also odd that, until Friday, REITs were consistently weak even though the yield on the 10-year backed down quite a bit. I don't see much that would get the 10-year's yield to spike, especially with the [more]

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:53 PM

Re: Ventas

No problem, Martin...I would buy more VTR at any price below $61, as NAV is around that level. There is nothing at all wrong with VTR, just that FFO/AFFO growth is likely to be slowing to something like 5% annually...still, that's not bad, when you [more]

Sun Sep 14

NL

Boards Post

Reitnut posted to the Real Estate Inv. Trusts: REITs board. 7:24 PM

Ventas

There was a bullish story on Ventas (VTR) in this week's Barron's. I don't know if this link is accessible to non-subscribers: [more]

Sun Sep 7

NL

Boards Post

Reitnut posted to the Real Estate Inv. Trusts: REITs board. 6:38 PM

Are REITs Cheap or Expensive?

I don't think I have yet posted this prior Block Party post; if I have, I apologize.

Ralph


I confess that I have written from time to time about REIT valuation issues; however, I hope you will be forgiving on account of its [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:31 PM

Re: NRF

Excellent post, tiberko. Your concerns are very real. Another concern is that the CEO has always been a real estate debt guy; does he know enough about health care properties? Did he overpay for that large acquisition? Is the stock were it's trading [more]

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Board Posts 3458
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Very First Post Re: Where's REITNut? (8/24/1999)
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