Yeah, I have a bunch of WRI too. It has done very well for me. Funny how some days one reit is hot, while another is cool. Today WRI was up 1% while some of my other ones were flat. Overall I hold 'em long enough that "it's all good" (for long term cap gains).
I love SFL! -and own a good chunk of it.
Am intereseted in this REIT now though. Florida seems like a long term trend to follow in realestate. I am looking for residentials, condominiums, assisted care homes and shopping malls. Any suggestions from the board.
Honestly, I haven't bought stock here yet and am just perusing the board before more detailed DD.
Forgive my naivete to this issue but some of you long term holders please chime in with your thoughts on managment, acquisitions, current properties etc...
You would have to beat me to the door at $63. SPG also white hot. Any bargains, maybe fmp is worth a look as it is new, unique business model with experienced management.Outside reit's, I bought a little sfl yesterday.
This one just goes to show you can never be really sure in the market. CLP was lagging the index for too long (for me) so I took profits (shifted to some ng/oil trusts). Then CLP takes a jump. How funny is that. Florida real estate is HOT, way HOT. Selling property now is smart, CLP smart. 45 is likely, but I hate buying at tops. I like a +10% below top cushion in reits. Look at DDR, screaming to new highs. Real Estate is the place to be, with the rest of your portfolio slick with oil trusts. LOL
I think CLP will continue to rise until it gets to a 6% yld. This means the stock will be at or around $45.00 sh. Right now they are hoarding about 30% of their FFO so they can afford to increase the divvy. I know, I know they only increase divvy once a year but something is going on. IMHO..