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Neuberger Berman Real Estate Se Message Board

  • jc3email jc3email Apr 29, 2010 1:35 PM Flag

    Div Increase Info - From a previous post.

    Opinion: Look for a .01 div increase this year. 20% chance in the 2nd Q, 80% chance in the 3rd Q, virtual certainty in the 4th Q. When it happens, look for an advancement toward the $5's.

    From the annual report:

    In addition, a sizable number of REITs announced reductions in their common share dividends and a somewhat smaller number of REITs suspended their preferred share dividends. The reduction in the Fund’s leverage and the reduction and/or suspension of dividends by certain REITs in the Fund’s portfolio resulted in a reduction in the level of income earned and anticipated to be earned by the Fund. Consequently, the Fund’s monthly distributions were reduced effective in January 2009 and again in July 2009.

    Robert Conti
    President and CEO

    NOW HERE IS WHAT THE GUYS WHO ACTUALLY MANAGE THE MONEY HAVE TO SAY:

    In conclusion, we would like to address the outlook for REIT dividends. During the credit crisis, as REITs looked to conserve capital, many elected to lower or cut their dividends or pay a portion of their dividends in stock.We believe this cycle has largely ended and we expect to see a return to more stable income levels for REITs going forward, with a shift back to all-cash dividends. Additionally, we believe there is the potential for rising dividend levels down the road should we see further improvements on the economic front.

    Steve S. Shigekawa and Brian Jones
    Portfolio Co-Managers

    The writing is on the wall...

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    • It is good to remember here that a lot of NRO's holdings are in preferred shares. These will be the most likely to see div increases.
      Also, as it appears this economomy is climbing out of the grave, and faster than most predicted, I would expect some special divs to be paid out by NRO's holdings in the next 12 months as profits continue to exceed expectations. We are entering another period of expansion. Demand is coming back on line, and vacancies will be filled.
      Remember, this has been the worst recession felt since The Great Depression. The next few years of recovery will be beautiful if you ignore the bumps.

    • jc3...Thanks for the info. We bought initially before the market collapsed and refused to sell, then loaded up on more shares when the fund was in the tank. We added more at 2.06 and 1.51 and now have 5000 shares. While we are still short of our principal, we believe we did the right decision in staying with this fund and hopefully make out OK. Good luck to you. retiredafe8

 
NRO
4.99-0.05(-0.99%)Jul 31 4:02 PMEDT

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