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NorthStar Realty Finance Corp. Message Board

  • dar200 dar200 Sep 3, 2013 1:20 PM Flag

    Still a mortgage reit

    As far as market is still concerned, nrf is a mortgage reit. It does not matter that 46% of estimated 2013 cad will come from equity reit investments and 14% will come from annuity-like management fees. It also does not matter that nrf's sec filings state in effect that a 100 basis point increase in interest rates will have a miniscule effect on cad.

    Nutso market trades on fear, greed, computer programs....everything but fundamentals. That comes later when fundamentals appear as fact in the rearview mirror and increasing dividends.

    I just bought another 1477 at 8.53, 'cause that's all the cash I had in an IRA. Cash earns nothing. This buy earns 2.46% (21 cents) in less than 3 months. I'm ready, willing and able to wait for the rearview mirror.

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    • Hi Dar...
      I got 2K also at 5.53, just before it fell to 5.49.
      As you point out, fundamentals will win in the long term, especially when they are supporting a 9.3% yield that is, as you also point out, growing every quarter.

      Wishing you well

17.70-0.31(-1.72%)Oct 22 4:02 PMEDT

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