Reitnut’s Activity

Sun Apr 13

NL

Boards Post

Reitnut replied to the Real Estate Inv. Trusts: REITs board. 11:54 AM

Re: Some REIT Commons to Consider

What is the advantage of common over preferred REIT stocks?
Thanks,


They are almost different animals. However, the advantages of common over pfds are: (a) better 3-5 year total returns, (b) more liquidity, (c) inflation [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 11:42 AM

Re: Some REIT Commons to Consider

One thing which surprised me a little is that you currently don't hold any positions in the Healthcare REIT sector.

Oh, but I do (a substantial position in VTR, and a more modest position in HCN). It's just that I am not adding to [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 11:40 AM

Re: Some REIT Commons to Consider

Ralph, Why are you avoiding HCP, VTR and O all with much higher yields?

Well, first of all, I am a "total return" REIT investor, so I don't use yield alone as a reason for buying a REIT stock. Rather, I look at management [more]

Sun Apr 6

NL

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Reitnut posted to the Real Estate Inv. Trusts: REITs board. 6:55 PM

Some REIT Commons to Consider

It is painful to lose current income by swapping REIT pfds, yielding 6.8%, for REIT commons, yielding 3.6%, on average. But I have been doing this recently on a gradual basis; I think that the loss in income will be compensated by better total [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:20 PM

Re: Income Investing Survey

I have been slowly tapering back my REIT pfds as their yields, for quality names, are now somewhat below 7%, and reinvesting in REIT commons. That said, I still have a good chunk of my investments in REIT pfds, as part of my core [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:56 PM

Re: Homes - or Labs?

Brucedoe, your point is well-taken with respect to special-purpose buildings. This is why I have been reluctant to invest in single-tenant triple-net lease properties.

But, with respect to lab space, the REITs that own properties in this [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:49 PM

Re: DX dividend cut

Good post on NLY, aleax. Of course you are right that even junk, if priced too cheaply, can become an interesting - and lucrative - speculation. Wasn't it Ben Graham himself who said that? I don't know if this is true for NLY, as I don't follow the [more]

Sun Mar 30

NL

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Reitnut posted to the Real Estate Inv. Trusts: REITs board. 6:13 PM

Homes - or Labs?

Here's a post I did for "Block Party" a few weeks ago, in case anyone is interested:

Home ownership certainly offers real benefits. A home of one’s own can provide a favorable environment for raising a family; it allows [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 6:09 PM

Re: DX dividend cut

I know that there are a lot of M-REIT fans out there who love the high dividend yields, and M-REITs do perform well at times. But at other times they perform miserably. The past year has been tough times for M-REITs. Using NLY as a proxy, see [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:56 PM

Re: CWH shareholders vote to remove the Portnoys

And there is the chance of reaping a capital gain if and when RMR's management of them is dislodged.

Perhaps this will happen, but I am skeptical. The CWH battle has been going on for over a year, and has probably cost the insurgents [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:46 PM

Re: ROIC

I agree that a ROIC/VNO deal would be a long shot. Tanz will not overpay, just to get on the East Coast, and Roth isn't about to give his properties away. ROIC doesn't HAVE to do a deal, and will do so only Tanz perceives it as a great [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 5:42 PM

Re: ROIC

Conversely, when those hedgies and others like them take their profits and cover their shorts, it can drive up prices past their reasonable expectations. So do you take advantage of these circumstances or do you totally ignore them?

I [more]

Sun Mar 9

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 9:23 PM

Re: ROIC

I agree with your post, tiberko. REIT pfds have come a long way since the end of the year, when they were being dumped at crazy prices. Many with only average credit metrics, e.g., GGPpA, are now yielding slightly below 7%, when the accrued dividend [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 9:10 PM

Re: ROIC

Anyway, ROIC is my single largest REIT holding. The new dividend rate is $.16/qtr. I think Tanz has done a very good job in keeping focused on their core business. I would be very interested in anyone adding their $.02 to the discussion about them [more]

NL

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

Re: KIM

Mark, it's really hard to say whether you should swap KIM for another REIT stock. KIM is doing pretty well these days, and has sold the vast majority of its non-retail real estate investments. Yet is still does "opportunity investing," as [more]

NL

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

Re: RET Dividend Increases

if I wanted to create an income stream from preferred of "quality merchandise," which should I look at?

Arch, there is, fortunately, a lot of quality merchandise in REIT pfds. Perhaps three of the very best are BXPpB, all [more]

Sun Mar 2

NL

Boards Post

Reitnut replied to the Real Estate Inv. Trusts: REITs board. 8:57 PM

Re: RET Dividend Increases

I love dividend increases as much as anyone, and they are a great way to offset rising inflation and to help fund the increasing RMDs in IRAs as we age (perhaps helping us to avoid selling stocks). It is for this reason that "only" about [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 8:28 PM

Re: Reitnut for Feste Award

You are too kind, Wendy. I might get a swelled head if it weren't for Paula (my wife of almost 50 years), who reminds me of my dumb decisions outside of the investment world on a regular basis. And the stock market takes care of the rest. [more]

NL

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Reitnut replied to the Real Estate Inv. Trusts: REITs board. 8:23 PM

Re: Feste Award for Reitnut

Thanks, Zoofreak, for coming up with these posts. Of all of them, I like the first two best, while several of the others are from SNL blog posts. Perhaps we could go with the first two, which got quite a few recommendations, and then find a third one [more]

NL

Boards Post

Reitnut replied to the Real Estate Inv. Trusts: REITs board. 8:17 PM

Re: Feste Award for Reitnut

I don't think it's fair to include posts that were originally written for SNL (whether this is legal or not). Hopefully, there are at least three good ones that can be submitted outside of those SNL posts.

R.

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Big red star, 1000 posts Top Favorite Fools Feste Award Nominee! Old School Fool
Board Posts 3394
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Recs to Posts Ratio (last 30 days) 17.70
Threads Started 415
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Most Frequent Board Real Estate Inv. Trusts: REITs
Very First Post Re: Where's REITNut? (8/24/1999)
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