Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Real Estate Operating Companies (REOC) -- Ignore unavailable to you. Want to Upgrade?

To: 249443 who wrote (56)	3/4/2003 12:27:06 AM
From: Paul Senior	Read Replies (1) \| Respond to of 95

I believe I'll hold my shares. "According to the investor presentation, the special distribution equates to about $1.15 a share in cash and $2.30 a share in common stock." So roughly, on a $20 stock, that would suggest an after- distribution price now of $16.55. A 7.25% yield, if $1.20 is paid out annually. That's not such a great yield. Maybe the stock price will come down to reflect a yield closer to 8% as we see on several other REITS? OTOH, the assets of the company (attractive California real estate) would work to help keep the stock price up. (NAV) And maybe that dividend could bring more interested investors to the stock? I do not know. I'll hold because I see no reason to sell. Paul S.