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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?


To: trustmanic who wrote (2142)12/4/2001 9:39:08 AM
From: Goldberry  Read Replies (1) | Respond to of 11633
 
These are established REITS with a solid record. Why would anyone take a similar rate of return from an unproven upstart. Look for this trust to drop in value after the issue is completed as it probably should be at a higher yield.



To: trustmanic who wrote (2142)12/4/2001 10:35:14 AM
From: David Alon  Respond to of 11633
 
Yes, but REI has a proven record,vacancy rates are not a problem and they just reported great earnings.
Also, if the loonie goes up and they are not hedged, your dividend will go down.
But the part I don't like the most , is that vacancy rates in commercial real estate in the states are at 12%, while in Canada it is 8%, therefore I believe that the dividend does not compensate enough for the price.