REITs - Real Estate Investment Trusts - Info & Discussion
- RhyneN
- JenL_2
- RhyneN
- JenL_2
- RhyneN
- RhyneN
- RhyneN
- JenL_2
- Hughey
- RhyneN
This archived discussion is "read only".
For the corresponding "live" discussions, post in the active topic forum here.
« Previous 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next »
» RhyneN - Re: Re: Re: One REIT outlook
In response to message posted by Hughey:>>a tech rally around now would surely drop the REITS from their scalding pace; whaddya think?<<
A tech rally would very likely stop the REIT run. That has been the recent history. When tech buying starts, the flows into REITs have cooled, and REITs have either flat-lined or dropped.
-- posted by RhyneN
» JenL_2 - Re: One REIT outlook
In response to message posted by RhyneN & Hughey:>>a tech rally around now would surely drop the REITS from their scalding pace; whaddya think?<<
A tech rally would very likely stop the REIT run. That has been the recent history. When tech buying starts, the flows into REITs have cooled, and REITs have either flat-lined or dropped.
Let's take a look....
<img src="http://chart.bigcharts.com/bc3/intchart/..." width=579 height=335>
RMS vs Nasdaq 3 YR Chart
Of course again this chart doesn't show dividends reinvestted.......Jen
-- posted by JenL_2
» JenL_2 - REPIX, NXL & RMS
These posts copied from the "TA" thread:Author: CaptRon
Date: August 15, 2001 3:24 PM
Subject: Kirk
In response to message posted by Kirk:
Very good question, m8. Guessing that the big caps will have to participate if the NDX hits the tgts the break of the descending triangle postulates.
FWIW, the only areas of interest I'm following is RE, IT:
http://stockcharts.com/def/servlet/SC.we...
and looking at energy as possible ST trade:
http://stockcharts.com/def/servlet/SC.we...
while waiting for utes to find a ST bottom:
http://stockcharts.com/def/servlet/SC.we...
Too many IT downtrends and crosscurrents at this point to take anything other than small trading positions, JMHO. More for entertainment than investment...8-)
Admire your stockpicking ability, though!..GL, M8..
Disclaimer: All postings and links from other sites are for information/entertainment only, NOT trading or investment recommendations. Accuracy of any data posted is not verified. As all markets entail risk, please do your own due diligence and research for any investment you make. "Lets be careful out there", HSB (thanx, Jen, 8-)
Author: DanG_6
Date: August 15, 2001 9:06 PM
Subject: Re: G'Day, M8s
In response to message posted by CaptRon:
Funny you should mention "hiding out in RE", Ron. Recently, because of the rather dim view market expectations over the next several (or more) years by some pretty savvy folks (like Buffet), and the view that bonds may actually outperform stocks, I've been looking at high yield REITs recently that Value Line ranks high in yield and safety, though not so high for performance. I bought some NXL at the end of July at 16.39 and yielding in excess of 10%. I bought it strictly for the yield and had little expectation for price appreciation, but that little sucker has moved ahead to 17.78, almost an 8 1/2% gain in half a month! Yet I buy QQQ for price appreciation alone and can't even book a point profit! Go figure!
- Dan
Author: JenL_2
Date: August 16, 2001 7:27 AM
Subject: REPIX, NXL & RMS
In response to message posted by Dan & Ron:
Let's compare Profunds RE (REPIX), New Plan Excel (NXL) with the REIT Index (RMS)...
<img src="http://chart.bigcharts.com/bc3/intchart/..." width=579 width=335>
RMS, REPIX, NXL, S&P500 1 YR Chart
If you haven't yet, check out our "REIT" thread...
http://www.suite101.com/discussion.cfm/i...
.....Jen
-- posted by JenL_2
» RhyneN - Re: REPIX, NXL & RMS
In response to message posted by JenL_2:The price movement of NXL is one of the interesting things going on with REITs. NXL, a shopping center REIT, has a better than average balance sheet, but is paying a dividend that is 99.2% (consensus shown in Realty Stock Review) of its 2001 AFFO. At July 19, the date of my RSR numbers, NXL was paying a 10.1% dividend, the highest in the shopping center sector. NXL's expected AFFO growth increase from 2001 to 2002 is shown as 1.4%,but NXL has one of the best YTD total returns in the sector.
Compare NXL with KIM and WRI, the two best growing REITs in the shopping center sector with 10.6% and 8.2% AFFO growth rates, but the worst YTD total return in the sector (as of 7/19).
KIM, with the best balance sheet in the sector by far, is paying only 71.3% of expected 2001 AFFO as a dividend. WRI with a much better balance sheet than NXL is paying 77.7% of expected 2001 AFFO as a dividend. Their yields were 6.2% and 7.0% on 7/19.
If you take a long view, and look at both current yield and growth rate, KIM and WRI should have both out performed NXL.
2001 has been crazy. The weaker REITs have, generally speaking, out performed the better REITs because the yield on the weaker REITs was a lot higher at the beginning of the year, and still is higher currently. Investors really like yield just now.
-- posted by RhyneN
» RhyneN - Yesterday's REIT new highs
The following is an excerpt from an e-mail I get from Realty Stock Review.The stocks that had the greatest impact on RMS yesterday were Equity Office, up 57 cents or 1.8% on the day to $31.92; Equity Residential, which set a new 52-week high, was up 99 cents or 1.7% to $58.53; Public Storage, reflecting its strong second quarter earnings results as well as its recently announced 104.5% dividend hike, also set yet another new 52-week high, it was up 65 cents or 1.9% to $34.25; and Simon Property Group, which also set a new 52 week high, was up 43 cents or nearly 1.5% to $30.18.
Other companies setting new 52-week highs (some were all-time highs) yesterday were: Chelsea Property Group; AMB Property Corp. Mack-Cali; CarrAmerica; Manufactured Home Communities; Storage USA; Vornado: Weingarten Realty; Charles E. Smith; Macerich; SL Green; Gables; Kimco; Pan Pacific; Camden; Developers Diversified; and Keystone. Two real estate ETFs (exchange traded funds) also set 52-week highs: Cohen & Steers Realty Majors Index Fund (ticker ICF) was up 71 cents or 0.8% to $88.06; and Dow Jones U.S. Real Estate Sector Index Fund (ticker IYR) was up 40 cents or nearly 0.5% to $84.33.
From Realty Stock Review, a subscriber site http://www.realtystockreview.com
-- posted by RhyneN
» RhyneN - Re: Yesterday's REIT new highs
In response to message posted by RhyneN:On Thursday, the RMS REIT index set another all-time high, 415.37. The rising prices have caused the average yield of REITs in the index to drop to 6.7%. REITs have been up 12 of the last 13 trading days - there were 19 new 52 week highs yesterday.
The NASDAQ index is trading this morning below the 1935 level, which some think is a critical support level. If the NASDAQ crashes though, will that cause the entire market to drop, or will REITs draw more funds from folks bailing out of techs?
-- posted by RhyneN
» JenL_2 - Re: Yesterday's REIT new highs
In response to message posted by RhyneN:Rhyne - Thanks for the REITeducation - just wish that I'd moved some funds into REITs back in the Fall of '99 when you and Paul first started talking about them. 'twill be interesting to see where the REIT Index (RMS) goes from here compared to the Nasdaq......Jen
-- posted by JenL_2
» RhyneN - Are there any REIT "buys" with the RMS so high?
Here is one man's opinion. Jim Luckett is a regular poster on the Motley Fool Real Estate board. He is a real estate professional in the business of building apartments. I have been reading his posts for a couple of years and believe him to be sound. Probably because he and I seem to think alike. Here is a recent post on "buys" among REITs.-- posted by RhyneN
« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Next »
Please follow the guidelines set forth in the Suite101 Posting Etiquette when adding to the discussion.