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10-01-2005, 05:02 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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REIT's Cooling Off?
All you REIT investors out there...is it time to take some money off the table?
Real Estate Investment Trusts Cooling Off
By ELLEN SIMON, AP Business Writer
"After a long hot run, real estate investment trusts have cooled off in the last few weeks. Which raises the question: Should investors cash out and take their winnings? Or should they stay in the game?"
http://news.yahoo.com/s/ap/20051001/...ge/wall___main
__________________
Numbers is hard
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10-01-2005, 05:52 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: W Wash
Posts: 1,644
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Re: REIT's Cooling Off?
REWahoo!
How about the timber REIT's--provide a commodity play and above market yield. Pension funds like timber a lot and from my days in the industry, you are assured a long term 4-6% real return in the asset base--quality of timber base important to what you get.
Interested in your read on two timber companies converting to REITs--Longview Fiber (lfb) and Potlatch (pch). Both will have to issue a special dividend to basically distribute retain earnings. It will be a taxable distribution but in a retirement account, payout will substantially cut the basis and providing a lasting kick to regular dividend yield.
nwsteve
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10-01-2005, 06:13 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Re: REIT's Cooling Off?
nwsteve,
I'm not a REIT investor, just saw the article and though those of you who are might be interested. I don't have anything against REIT's, but didn't get into them before they took off and think it might be a little late for me to try to get on board now.
__________________
Numbers is hard
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10-01-2005, 07:39 PM
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#4
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Recycles dryer sheets
Join Date: Oct 2004
Posts: 260
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Re: REIT's Cooling Off?
Cash out
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10-01-2005, 07:48 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
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Re: REIT's Cooling Off?
Sold down most of my REIT exposure a few months ago.
__________________
Retired early, traveling perpetually.
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10-02-2005, 08:12 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Location: DFW
Posts: 2,016
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Re: REIT's Cooling Off?
I'm still in, but t'is going down.... I am always slow to make a move, but. . .
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Resist much. Obey Little. . . . Ed Abbey
Disclaimer: My Posts are for my amusement only.
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10-02-2005, 08:35 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,670
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Re: REIT's Cooling Off?
The opportunity may be in shorting REITs.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
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10-02-2005, 10:45 AM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: REIT's Cooling Off?
I've no intention of reducing or selling off.
Unlike NASDAQ internet stocks, REITS are based on real properties with real incomes that arent likely to disappear, evaporate or go away. They usually arent based on high flying coastline single family homes. In the event a property becomes unprofitable, its usually sold off.
I wouldnt be surprised to see a small correction. Maybe 10%. Maybe 15%. I also wouldnt be surprised to see them continue to rise at double digit numbers.
Still an asset class thats negatively correlated to a lot of other asset classes. Expensive, true. So are a lot of other asset classes.
I'll keep owning it for the same reasons I bought it, although its probably worth noting that this holding is in my IRA and wont be tapped for 15-20 years.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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