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Neuberger Berman Real Estate Se Message Board

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  • alta10bc alta10bc Dec 31, 2007 1:13 PM Flag

    NRO vs RNP

    .....Bought more NRO this morning too! Have a lot of RNP but think NRO will be a good one once merger is complete. Looked at CVP but will pass on that! Glad this is last day of year so no more tax selling as more red numbers again today. Markets close early, thank god!

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    • well alta I've started my DD on NRO, overall I like it better than RNP. Mind you 1000 shrs. of my RNP has been deleveried to me in certificate form. I talked to the transfer agent yesterday and I just made it on the last day to get a certificate, from now on RNP stock will be DRS(direct registy system). Also I sold those 1000 shrs. of RNP I got at 18.88 for 19.07 and bought CVP and more HTE on Monday. CVP when up so much yesterday...a years worth of dividends in a day...I sold the CVP, nobody ever went broke taking profits.

      Anyways back to NRO vs RNP and why I like NRO more than RNP. A few things jump out right away.
      1) NRO focus on NAV, with NRO discount under 5% as of yesterdays close compared to RNP discount over 11%(some would argue with the higher discount of RNP you get more for your money...this is true)but my point is NRO is concerned, aware of, and taking action to address 'discount to NAV'. This discount to NAV is the BIG risk your WB broker was maybe talking about.
      2) Of course the higher yield.
      3) I personal like there holdings, NRO, more than RNP. I read in some earlier post here on NRO, something about no subprime. I don't know I agree with that. I Star Financial, American Financial, Gramercy Capital. None the less I like NRO holding more than RNP.

      I'll add more comments after farther research, thanks for the lead alta.

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