Since this board is so dead... my results with WRI
Sometime around mid-1993, anticipating an improvement in the Houston economy, I bought 300 shares of WRI at a little over 30, for a total cost of just under $10,000. I stuck with it through thick and thin. That investment, dividends reinvested and after splits, is now 1525 shares worth over $67,000. More recently I bought a few shares in other acounts, and those have also done well.
I have no complaints. Neither do I have plans to sell, though I recognize that REITS are fully valued.
What is your history with WRI? And what are your plans?
I bought 100 shares in 2001 at a cost of $42.00/share. It's split twice. I have not reinvested my dividends. I now have 225 shares worth $10,500 (up 147%). How can one argue with that performance? Like a cactus, it just grows with minimal maintenance. I'll add to my position when the market correction comes.
Glad you made a nice profit. Last January after I had just retired and started investing funds in my Rollover IRA, WRI was one of the first stocks that I had bought (1000 shares). Shortly after purchasing, the Company decided to change course in their business model. Looking at only the 4%+ dividends, and the possibliity that the stock would go down or be dead in the water, I sold. Now, I regret that decision and have changed my investing model. I had earlier set a plan for only investing in REIT's or Preferred's (part of my portfolio) that paid 7.5% dividends or better. Many do and I have done well. But, growth in capital gains: that is hard to predict. This REIT seems to have that capability and with any significant pullback in price from $45, I will be a buyer again for the long haul.