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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Labrador who wrote (63)	4/1/1998 4:25:00 PM
From: mr. duck	Read Replies (1) \| Respond to of 11633

I also own this REIT, Avista. I picked it up last year when it was still trading at $6.80, now trading at $5.80. It has fallen quite a bit since but I'm still holding on. The way I look at it, if inflation stays low, that means that these REITS would make more money because of low interest payments. If inflation starts to show it's ugly head again, I think that these REITS would be able to survive. First of all, they have pretty much arranged it so that their mortgages don't expire all at the same time, staggering them thereby decreasing the volatility of their distribution. Plus, they were able to arrange these mortgages at low interest levels today which won't be expiring for the next few years. Now if inflation increases, I think that these REITS would be able to increase rents as well and thus continue on with it's target distributions. From this, I think that REITS are therefore a good hedge to any stock market downturn. They'll still go down but with the distributions, the drop would be cushioned plus the fact that you know you'll get your money back as long as you hold on :) P.S. I also own Pembina Pipelines (PIF.IR), picked it up on it's IPO at $6, now trading at $5.20 and CREIT (REF.UN), any opinions regarding the two?