SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mr. Sunshine who wrote (2550)7/12/2012 7:59:11 AM
From: Elroy  Read Replies (2) of 2561
 
CYS is probably a "safe" mREIT to buy right now. The just did a secondary, so you don't need to worry about that for another three months. They also announced their preliminary Q2 results, which were good with book value up to about $13.52 and GAAP EPS of ~88 cents, easily covering the 50 cent dividend.

So if you buy it now for about $13.80, you're only paying 1.02x book, and its unlikely to get a negative shock from a secondary or poor quarterly results. In fact, I think I'll buy some!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News