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CBRE Clarion Global Real Estate Message Board

  • warnbeeb warnbeeb Sep 17, 2008 1:54 PM Flag

    Why the pummeling today?

    Down 10%? More than most REITs. Declared the Sept div without incident. Hmmm. Anyone buying here gets 15%. Something's not right.

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    • i am in at 8.69. they appear to be well managed. they get pulled down with financials all the time. but they dont operate like an LEH. they pay predictable divs. monthly. whatever, its still a little vegas style investing, unless you are in the inside.

    • I don't know but this is getting way beyond ridiculous.

      • 1 Reply to dag0925
      • Troublesome. I own a couple REITs. And they all went down today, but nothing like IGR. I'm afraid their's a skeleton in this one's closet that some big $$$ guys know about. True short term money may be hard to get, but all that means is we stand still for a quarter or two. This selloff today in IGR suggests they have something bad going on. I don't like this. If their dividend is safe, even if it includes some return of capital (which may be the problem) anyone buying this REIT is getting a whopping big dividend.
        Even if they cut the payout in 1/2, for a new buyer at this price, they still get a tremendous return. ????? Just doesn't seem right to me.

    • Looks to be still selling at a discount to NAV. Possible that fear of problems at ING could be triggering panic selling. I don't see any real problem except that IGR is in the "financial" arena and that access to short-term borrowing may be severely restricted. It is amazing how stuff can sell off. I will be buying more in a few weeks.

7.66-0.17(-2.17%)Oct 27 4:02 PMEDT