REITs - Real Estate Investment Trusts - Info & Discussion: Real-estate investment outlook upbeat
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» mdorsey - Real-estate investment outlook upbeat
Real-estate investment outlook upbeatBy Deborah Adamson, CBS.MarketWatch.com
Last Update: 3:55 PM ET Oct. 3, 2001
COLUMBUS, Ohio (CBS.MW) -- At a time of poor earnings visibility for many companies, real-estate stocks shine through.
Real-estate investments offer a steadier, less volatile income stream than companies in many other industries, thanks to their cadre of leased tenants, said Paul Gray, portfolio manager of Kensington Strategic Realty Fund (KSRAX: news, chart, profile).
Q. CBS.MW: What type of real estate holdings do you have?
GRAY: Our biggest holding is Annaly Mortgage (NLY: news, chart, profile), which is a mortgage REIT; our second largest is Equity Office Properties (EOP: news, chart, profile), which is the biggest office owner in the country. We're most heavily invested in (the) office (market) and we're actually looking to add in the apartment sector.
(Annaly Mortgage comprises almost 10 percent of holdings, with a year-to-date return for the fund of 69 percent.)
http://www.marketwatch.com/news/yhoo/sto...
-- posted by mdorsey
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