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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (49366)9/12/2012 9:46:08 AM
From: Grommit  Read Replies (2) of 78486
 
IRET. I've looked at it a few times and opted out so far. It is not a bad company, but I (slightly) prefer others.

1. The pref is at $26.30 now so the premium to par is a bit high. Of course the insiders got all they wanted at $25:
finance.yahoo.com

2. The common is good but compare it to AEC for apartments. I wanted some apts in my mix and IRET is just 1/3 apts. Their PEs are close, IRET debt higher, but AEC yield lower and insider sales. I could not find a better apt reit.

3. And comparing IRET to other commercial/office... I like BDN better.

4. Compare IRET to DRE for owning both office and medical buildings. They are comparable. Lower PE for IRET but higher debt too. (I only own a small dribble of DRE.)

Message 28059794
ir.associatedestates.com
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