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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?

To: Paxb2u who wrote (2264)	2/27/2002 8:15:47 AM
From: Richard Barron	Read Replies (2) \| Respond to of 2561

Peter, GLB has been in an upward trending channel for just over 2 years. It is prices similarly to it's 1998 peak, and FFO has grown 4-5% in the 3 years with better performance recently. They aren't overleveraged and are trading about 11 x CAD, so it' fairly priced. I would be interested in accumulating some at 19.50 to 20.00. Until the channel is broken, it is likely to continue climbing, but I don't see more than 3-5% upside price potential in the next 6-12 months, though the 8% dividend while waiting is nice. I stopped following them closely 3 years ago when their FFO stopped growing, so I can only analyze them on the surface. Richard