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


To: Sergio H who wrote (46022)12/20/2011 6:20:48 PM
From: E_K_S  Read Replies (2) | Respond to of 78476
 
Hi Sergio H

Re: Investors Real Estate Trust (NasdaqGS: IRET )

finance.yahoo.com

You might look at IRET for an apartment play. This is a small regional APT. owner located in the Midwest. I selected them as they were the largest REIT Apartment operator located near the U.S. shale fields. The company generates a good dividend from their free flow cash ( elected to have my dividends reinvested w/ a 5% discount).

You can read some of my posts on the Dividend Investing For Retirement thread ( Message 27441189 ).

The company recently cut their dividend and although they are have low vacancy rates, the stock is closer to lows than highs. They have been building their available inventory buying properties as reasonable "value" prices.

For me it is the location of their properties. Maybe another view might be good regarding their financing (too much leverage), debt structure, or any other value consideration I might have overlooked.

EKS

P.S. I recall some recent news stories where workers are paying big bucks for trailers and trailer park spaces, sleeping in trucks, limited weekly motel vacancies, sharing houses (w/bunks) because of limited lodging accommodation. So, I think I am on the right track but maybe w/ the wrong company.