REITS - Buying 1 - 2 weeks before going ex-dividend Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mr. Sunshine who wrote (2323)	10/1/2002 10:56:05 AM
From: Richard Barron	of 2561

Steve, PSA is among the best quality of the Public Storage sector of REITs. I think it is down 20% from it's high since the FFO dropped suddenly in this last quarter and the FFO growth is not exciting for the next couple of years. The entry to competition is not good for this sector, as it doesn't take too much capital to throw up storage mini-warehouses if you can get a location, but they are less prone to economic cycles than any other sector, with the possible exception of manufactured housing. I will nip at some of PSA under 30, and take a large position if it gets near 25. The dividend is very safe, and they seem to keep a strong asset sheet with low debt ratios. I haven't looked closely for 2 years, but this was the trend for the previous 12 years that I followed the company. Richard

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next