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

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

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To: Judith Malley M who wrote (559)	1/7/1998 12:03:00 PM
From: Richard Barron	Read Replies (1) of 2561

Judith, Nice hearing from you!!! HRP has been growing FFO very slowly until this last quarter. If it maintains the 7% growth rate, then it is a good long term buy and a short term trade under 18-1/2. If the put the new money to work well it will pay off. NNN slowed down it's FFO growth in the last quarter. It has a low FFO multiple and is in a mediocre sector with mediocre long term management since it was trading around 10 in 1984. Only 50-70% growth in 14 years isn't that impressive. With the low FFO multiple, it is a good trade under 15-1/2, but until the FFO growth accelerates, the long term prospects look like worse than the general REIT market. If they put the new money to work well then they will do well. Neither of these is a bad investment, but I would try to pick them up near low end of trading ranges, as they are both near highs now. There are other REIT's growing 3-8% faster with the same FFO multiples that aren't trading at the high end of their ranges. Richard

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