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Prologis, Inc. Message Board

  • lepv123 lepv123 Nov 15, 2008 4:18 PM Flag

    I'm new to REITs stocks. Could someone

    point me out to one that has strong cash position and resources to survive? I'm planning to diversify my portfolio that includes one strong financial stock, REIT stock, and tech stock. Thanks in advance.

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    • No easy answer - virtually all REITs are beaten down and deserve to buy.

      I am not aware of a comprehensive site/blog/board yet. afried5 is more knowledgeable.

      • 1 Reply to peacecorps03
      • You might take a look at WRI. Mostly shopping centers, HQ in Houston, weighted toward Texas, but in multiple states across South and West (economic growth areas). Yielding now well above 10%. Its generally considered a top quality REIT.

        History of dividend growth, significant insider ownership, conservative financial management. Their last conference call is available on their web site.

        I'v held their stock since about 97. Its down about 60% from 52 week high (compared to 93% down for PLD), which I think represents their more conservative financial management.

        Due your own due diligence, of course.

        Depending on how much you have to invest, you might consider splitting the investment among several REITs, for diversification by property type (industrial, office, retail, etc.) and geographic focus - and risks of hard-to-detect-beforehand management screw ups :)

        I also have positions in PLD (new), AMB (new), FR, DRE, AIV, FCH, BDN, LRY, HRP. Pretty much all the REITs are down 60%+, many 80%. I think if PLD doesn't go under, a buy at $4 is a 5-10 bagger within 5-10 years.

 
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