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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (9130)	12/4/1999 11:34:00 AM
From: Bob Rudd	Read Replies (1) \| Respond to of 78595

Wayne: Healthcare REITs have suffered because changes in Medicare reimbursement [PPS] have bankrupted [or nearly so] several large operators that lease facilities from the REITs. The key is to analyze the operators that lease from HR and determine if the market is overly pessimistic based on operator capacity to continue paying rent - I consider operator EBITDAR a key metric. Several healthcare REITs have been discussed here, on Richard Barron's REIT board, and occasionally on Motley Fool's excellent real estate board. Even if your analysis is right, you may endure wait and downside before the market comes to see the value. Dividends 11% above inflation and doubling of share price as yield adjusts are potential rewards If you're right about operator health & rent coverage I haven't looked at HR specifically other than a brief glance as I already have exposure to the sector with ETT & HRP. bob