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

To: geoffrey Wren who wrote (13241)	10/25/2001 8:22:41 PM
From: Brendan W	Respond to of 78705

These are the REITs I own. I'll be disappointed if any cut dividends, but that doesn't mean it won't happen. I think I will add BXP Monday. quote.yahoo.com below is a list of real estate companies by real-estate type that I have created for myself. It is not definitive. quote.yahoo.com^rms+pcl+AML+AIV+ASN+AEC+AVB+BRE+CPT+SRW+EQR+ESS+GBP+HME+MAA+PPS+SMT+TCT+UDR+DDR+NXL+FRT+IRT+JDN+KIM+KRT+mrr+REG+BFS+usv+WRI+CBL+CWN+GGP+GRT+JPR+MAC+MLS+RSE+SPG+TCO+CCG+SKT+CPG+MHC+SUI+HCP+HCN+HR+HRP+LTC+NHI+NHP+OHI+uht+BOY+ENN+FCH+hmt+HPT+KPA+mhx+RFS+HOT+WXH+ARE+ARI+bpo+BXP+ofc+CRE+CEI+EOP+GL+HIW+KE+KRC+CLI+PKY+PP+PGE+RA+TZH+BED+BDN+CTR+CNT+DRE+EGP+FR+LRY+msw+PLD+PSA+SHU+SSS+SUS+NNN+TEE+O+AMB+CLP+CUZ+GLB+PEI+VNO+WRE&d=t

To: geoffrey Wren who wrote (13241)	10/26/2001 10:35:05 AM
From: MCsweet	Respond to of 78705

I own SSS, CPV, NHR, NHI,and ETT in storage, prison, and healthcare spheres. I figured these areas would be less sensitive to the economy, yet would benefit from lower interest rates. Also the 8%+ dividends are not too shabby. Given their price appreciation, I am not buying any more of these, but am content to hold them right now. MC

To: geoffrey Wren who wrote (13241)	10/26/2001 11:38:37 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78705

Geoffrey Wren: REITs. My opinion is you might want to solidify some of your ideas before accepting specific recommendations to review. 1. REITS are in diverse categories. You will need to figure if you will concentrate within a category or diversify among categories to spread risk. 2. You are coming late to the party. Buys aren't so obvious (if they ever were) now. 3. Some REIT dividends include a significant component called "return of capital". Which means that that portion is not taxable if the REIT is held in a taxable account. But if the REIT is held in an IRA, you could be paying tax on that portion. (since everything that comes out of an IRA is taxable.) I'm saying it's possibly not an optimum decision to just simply place all high-dividend REITs in a non-taxable account. Imo, if you will go to Richard Baron's thread called "REITS - Buying 1 - 2 weeks before going ex-dividend" and seek suggestions there, you will be well served. You can get good sources of information and good suggestions for REIT categories to consider plus specific stocks too. (Don't let the thread name dissuade you. Many, if not most of the guys there seem to be long-term buy and holders.) just my two cents, and I've been wrong many, many times and congratulations on having a nice run in GNSS. Seems to be one of the few tech stocks that's had such an ascent lately.

To: geoffrey Wren who wrote (13241)	10/26/2001 4:56:22 PM
From: Keith J	Respond to of 78705

I like the preferred on SPG (Simon Property Group, symbol on Yahoo is SPG_pb). Yield is about 8%, SPG seems pretty solid, and is convertible into the common if SPG goes up more than 30% from here.

To: geoffrey Wren who wrote (13241)	11/1/2001 11:10:53 PM
From: Bob Rudd	Respond to of 78705

I would 2nd McSweet's ETT endorsement with these further comments: The emergence of Genesis from BK has restored confidence in FFO. Dividend restoration should follow soon: Based on current price of 8.25, projected FFO of 1.48, Est Div 1.20 [83% with conservative adj] Return to AVERAGE yield for HC REITS [with outliers removed] would imply 72% share price gain Return to 10% yield [Higher due to concentrated GHV exposure] would imply 45% share price gain. Add that to the dividend. Michael Walker is CB of both and owns chunk of ETT...his Genesis shares evaporated in the BK, so likelihood of Genesis screwing ETT is slim, IMO. Disclosure: I'm very long this...thus biased.