No expert here either, and I've no strong feelings about the sector. Just coincidentally to your FPO post today though maverick61, I added a few shares to my losing FPO position today.
I like FPO because it's in that Washington DC corridor, and with government spending I'm hoping the gov't-work businesses that might use FPO's properties will do okay, and so FPO too. Other positives for me are that Davis Select Advisers is a holder (according to Yahoo), there are some small recent insider buys, and there's the dividend yield (5.5% which is relatively low compared to to past years for property reits, but it's comparable to similar reits now.
In 3/26/07 @ 28.82
Add: 5/8/07 @ 26.16
Add: 6/6/07 @ 23.79
Current closing price: 23.79
I'm also with a128 by holding shares of FSP, FUR, CPF. I still have shares of EDR & GCT in the college apartment business.
I recently posted I bought RIT, a closed-end real estate income fund. One of its top ten holdings is BDN, which you mentioned, and another is HRPT mentioned now by Grommit.
tools.thestreet.com{575FE2DE-2B85-4BFC-A45B-C6E4B320DF4D}&symb=RIT&sid=2442602&orig=1&timer= |
