I gave up on Barron's years ago also. But would be interested in what they might of said. Could give us a summary of what it was?
I still think the market is beginning to see how much the REITs are undervalued, based on assets owned, EPS and cash flow. Foreigners see that our assets are now up for sales at a 30% discount. IMHO J.
I agree Barrons is given way to much credit. I have found their articles total off the mark. Do not take them literally. REIT that manage risk will continue to do well. Interest rates are not going way off historical norms, they have been at 40 year lows for a while and moderate increases, (by Fed ie Greenspan) are prudent.
Article was by Peter Slatin, and went over concerns about overbuilding, foreign investment and the lack of disipline, falling cap rates, and rising interest rates vs the falling dollar, vs inflation, and vs indebted consumers. He also touched on the basic overvaluation and the rise in the premium over historic AFFO. Made the point about the relative worth of investments between bonds, growth stocks and div payers. Div payers have been a beneficiary of poor grwth stock performance over the last 2-3years and that the lower current rates on REITs make them less attractive vs growth stocks from here.
Its a good article that covers a lot of ground- the points are good, although you may not agree with his conclusions,(REIT's are overvalued and will not perform the next couple of years as they have the last couple of years)it is a good read for anyone invested in REITs. Im talking about the article itself, not the recommendations about the specific REITs they have in a neat chart.