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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (32778)11/14/2008 5:22:29 PM
From: Grommit   of 78748
 
BK REITS. I don't keep track of which reits have BK. But things like this are a more likely problem:

clip:
ProLogis PLD, the world's No. 1 developer and owner of warehouse and distribution centers, said CEO Jeffrey Schwartz resigned, and that it would cut jobs, slash its dividend and not proceed with new development, sending its beleaguered stock down another 44 percent.

But the grinding halt of the credit markets has walloped many real estate investment trusts (REITs), who relied more heavily on gains from development activity than on operating real estate.
end clip.

me: The REITs to avoid are the ones mentioned above. (I did not own PLD.) That was FR's problem. HRP has asset sales occasionally, but the div is so far covered with on going rental profits. LXP and DRE also earn their dividends on rents.
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