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

To: Grommit who wrote (49374)	9/12/2012 10:03:37 AM
From: E_K_S	Read Replies (1) \| Respond to of 78486

Thanks for the feedback Grommit - I had bought IRET at higher prices, so my add was also to lower my cost basis especially after their issue of their preferred. Company should be flush with cash to buy new properties. Their debt is still high, at least higher than I like. My position is small and I like to have those dividends reinvested at a 5% discount to market. I still think your EXL pick was a good one. Find more like that. I have been eyeing STAG Industrial, Inc. (STAG) which might be another one to watch. It has already had a pretty nice run. Insiders have been buying in August. Here is the link to their Website. Their preferred is selling above PAR at a premium. Stag Industrial, Inc. Preferred (STAG-PA) Last $27.05 effective yield 8.03% (Originally issued at $25 PAR 9%) EKS

To: Grommit who wrote (49374)	9/12/2012 8:55:35 PM
From: Sergio H	Respond to of 78486

FWIW, I followed EKS into IRET due to the location of their holdings. It's difficult to find a way to play the housing demand in North Dakota that IRET provides. The debt levels for IRET are not an immediate concern. Major payments are not due until 2015. AEC's occupancy rate is much better than IRET's where the latter suffers in its office space holdings. AEC has created some built in doubt because they have chosen to build instead of buying existing properties in two major locations. With depressed real estate prices their strategy is questionable, but a plus is that AEC may have the youngest portfolio of property in its sector and some of the metrics indicate the stock is undervalued. Congratulations on DRE as it hit a new 52 wk high today.