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

To: Paul Senior who wrote (32774)	11/14/2008 11:41:37 AM
From: Grommit	Respond to of 78659

HRP. Good play. Their debt/eq is only 1:1. Safer than most anything out there. I am sure that you read this: seekingalpha.com In summary, this quarter produced results we expected in light of a difficult market environment. We also think that an improved payout ratio is an important step for our company. We continue to believe HRP's strong tenant base, limited near-term lease expirations, strong balance sheet, current high annual dividend yield make HRP a logical choice for long-term, income-oriented investors. I think we're pretty stable in our markets, in those free markets in terms of where we are with occupancy, we don’t have a lot rolling and the stuff we do have rolling I feel pretty good about the renewals except maybe in Boston. ...it's always been very important to the company to maintain its dividend. So I think that's the best answer I can give on that.

To: Paul Senior who wrote (32774)	11/14/2008 12:03:14 PM
From: E_K_S	Read Replies (3) \| Respond to of 78659

Hi Paul - It's a bit frustrating with HRP as I am already down 12% from my last buy 48 hours ago. First Industrial Realty Trust Inc. (FR) management had some good comments about how they plan to work down and re-capitalize their debt. Stock was up big yesterday but today it appears that they are giving much of it back. It's not clear how long this recession might last. Some say we are more than 1/2 way through it but I suspect it will last a lot longer than anyone expects. I am a bit worried about Paulson as he does not sound too convincing about his economic recovery programs. I am anxious to see who the Obama administration selects for treasury secretary. This pick will go along way in providing confidence to the markets. Here are the REITs I presently own finance.yahoo.com I have averaged down in all three and established a pretty low cost basis. As long as none of them go bankrupt, these companies have excellent core real estate assets. FR already announced a dividend cut and I expect the same for the others. I may explore new buys in either preferred shares or senior debt as the common shares are trading like lottery tickets rather than undervalued equity positions. EKS