After the merger, PZN will operate as a real estate investment trust, or REIT. REITs are required by law to distribute at least 95% of their taxable income as dividends to shareholders. Because they pay out so much of their earnings, they pay no corporate income tax. That means that their earnings, unlike those of companies that issue stock, are not taxed before they are distributed. Thus, investors get a bigger share of the profits than they do with stock. When you collect those dividends, you also may be able to defer paying taxes on a portion of them. (That is, REITs can also offer a tax advantage: as much as half of their cash distributions may be sheltered.) The most successful REITs are regional and often specialize in one type of property.
I kicked myself for missing the bottom around $15. It also zoomed past $20. What many should realize that there were many sitting on a 60% increase in a matter of weeks. Also, sometimes mergers tend to sour the short term outlook on companies.
There are many things going for this company, no matter how one views the future outlook of the market. This comapny should appeal to a growth investor, a dividend investor, a value investor, and the contrarian investor.
As someone stated in an earlier post. They have a year round tenents and plenty of growth opportunities. For a long term investor, this will be a tremendous stock!