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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Seeker of Truth who wrote (53191)9/10/2004 5:37:17 AM
From: energyplay  Respond to of 74559
 
Sorry I wasn't more clear -
[REIT buyers] Push the yield on [REITs] under 6% - in this case the US REITs mentioned in the .pdf file.

Look the the top section, left side.
Notice the dividend levels drop over time, and there are a number of years with 20-25% return on the prices.

Investors like the dividend and keep buying the stock and/or not selling. The price keeps going up, the yield keeps going down.

This happend to US REITs. It has not happend to Canadian REITs - maybe there's an assumption the CDN will drop vs. the USD, or maybe higher Canadian interest rates help.