klee12’s Activity

Fri Oct 24

NL

Boards Post

klee12 posted to the Real Estate Inv. Trusts: REITs board. 1:41 PM

OT. Future price of oil and gas

There has been discussion of the future price of oil on another thread related to UBP-D, and I thought it appropriate to move that discussion to another thread

At

[more]

Thu Oct 23

NL

Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 1:42 PM

Re: Intentions to call UBP-D

I also am rather skeptical of $50.00 oil.

From my limited understanding of the oil industry the marginal cost of producing a barrel of oil depends on many things. If the price of oil falls below the marginal cost of producing a barrel of oil [more]

Sat Oct 18

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Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 11:47 AM

Re: REIT Preferreds: Sell today or hold forever

BruceM, thanks for putting your book on Kindle. I've downloaded it an started reading, but haven't finished due to something that has come up recently. I like your ideas and they are going to affect my strategy going forward.

I understand [more]

Wed Oct 15

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Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 4:44 PM

Re: REIT Preferreds: Sell today or hold forever

I'll hold my preferreds forever (almost) so I guess I'm with Yoda other things being equal. But other things may not be equal. I can presently get (I think) a very safe yield of about 6%. That's (about 3.5% over treasuries and about 4% above [more]

Wed Oct 8

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Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 3:04 PM

Re: Buybacks

Buybacks, as I see it, are the opposite of dilution which, other things being equal, lower EBITA/share. If dilutions are bad, then by my naive way of thinking buybacks are good. Besides one must usually pay tax on dividends. If buybacks cause the [more]

Thu Oct 2

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Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 1:46 AM

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

Let's back up a bit. IIRC at one point Yoda suggested the institutions and/or hedge funds selling ETFs might have caused the swoon. Then discussion morphed into how ETFs worked. It was very informative and I learned a lot. But the question remains: [more]

Fri Sep 26

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Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 3:00 PM

Re: non-traded REITs, NASM and NRF

This post presents further thoughts on non-traded REITs (NTRs). It is not about the morality (or lack thereof) of NTRs.

A list of major expenses that most retail investors are follows below. The are numbers taken from the perspectus of [more]

Wed Sep 24

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Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 3:19 AM

Re: non-traded REITs, NASM and NRF

gtw999,

I agree with your analysis but you may be leaving out a factor that may be relevant to the decision of buying NTRs. In the article of the 2nd WSJ article,

[more]

Tue Sep 23

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Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 12:15 AM

Re: non-traded REITs, NASM and NRF

I was interested in the business models of NASM and NRF, not the morality of the business. Would you invest in a cigarette company? Some would and some wouldn't. If you wouldn't and place NTR in the same category as cigarette companies, you should [more]

Sun Sep 21

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Boards Post

klee12 posted to the Real Estate Inv. Trusts: REITs board. 10:41 PM

non-traded REITs, NASM and NRF

I have struggled to understand the business models of NRF and NASM
and the following is a summary of that struggle. Parts of it are
probably wrong (but I don't know which part) so please do your own DD.

This post will not address [more]

Fri Sep 19

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Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 2:10 PM

Re: NRF Buying Again - Buying NSAM

My POV is look at new NRF + NSAM. Here is a chart of NRF, NASM, and STWD as a comparison.

[more]

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Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 12:29 PM

Re: NRF Buying Again - Buying NSAM

Coolprash wrote
<<
hamo already said

NRF - 40c dividend for the last 2 qtrs of 2014
nsam - 10c for last 2 qtrs of 2014
>>

That's good news. I means that if had the pre-split NRF you held didn't trade [more]

Thu Sep 18

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Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 5:03 PM

Re: NRF Buying Again - Buying NSAM

I expect NRF to continue make acquisitions to fund additional non-traded REITs; see

http://www.nsamgroup.com/about/about-the-spinoff.html

I conjecture the green box [more]

NL

Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 4:35 PM

Re: REIT swoon

Hello Brucedoe

I don't think I'm shooting first then aiming... that's the hedge funds and institutions. I think Yoda was correct in that some funds are selling REIT ETFs for obscure reasons that are beyond the capability of my brain to [more]

Tue Sep 16

NL

Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 3:12 PM

Re: REIT swoon

It seems that to me that the bluish chip REITs, like AVB, took more of a dive than did the preferreds. I got that impression also last May or June when something like this happened. This is anecdotal, but does anyone else get that [more]

Sat Sep 6

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Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 12:28 PM

Re: NRF

tjberko, great post.

In what follows, old NRF will refer to the pre-split NRF and new NRF as NRF post split. In other words, old NRF = new NRF + NASM operationally.

The old NRF sponsored a number of non-traded REITs (that we all [more]

Sun Aug 24

NL

Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 8:07 PM

Re: Annual Asset class return

Thanks for all the replies on my post about what asset class one might hold not to prepare for that event. I didn't think of floating rate instruments and will look into them.

During the next two years I do not think interest rates will rise [more]

Thu Aug 21

NL

Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 4:30 PM

Re: Annual Asset class return

Assume we think interest rates will rise in the future. What asset class should we hold now to prepare for that event?

I don't know where interest rates will be in the future, but I want to position my portfolio now in case that happens. I [more]

Thu Jul 31

NL

Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 11:41 AM

Re: Latest RMP Buy -- NRF

Here's how I look at the situation.

NRF and a 1:2 reverse stock split. Everyone who had 100 shares of the pre-split (old) NRF now had 50 shares. But everyone who had 100 shares of old NRF also got 50 shares of NASM. The cash flow, tangible [more]

Wed Jul 23

NL

Boards Post

klee12 replied to the Real Estate Inv. Trusts: REITs board. 9:23 PM

Re: A Few Thoughts on Bond Yields

I think I've heard it said that the labor participation rate is dropping and the number of part time workers increasing. That, if true, might affect the median income.

Corrections, comments, bricks welcome

klee12

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Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 2531
Recs Received 7366
People who have rec'd these posts 427
Recs to Posts Ratio (last 30 days) N/A
Threads Started 116
Threads Started Percentage 4.58 %
Most Frequent Board Real Estate Inv. Trusts: REITs
Very First Post What if REITs take off (11/24/1999)
Percentage of Posts Rec'd 72.15 %
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