David - yes, very dull but pays close to 8%.
NRL - the price chart was interesting. Very low beta, as it moves within a $2 range.
Looking at a micro-cap REIT now and have purchased shares this week. It appears to pay about 7%. You can contact me on Seeking Alpha if you ever want to know some more details.
There are still some values out there - but finding them is difficult.
NRL, I agree there is certainly some construction going on at the present time. My area in Southern PA has decent construction now.
My point was mainly against the author of the article - as I have concerns about how hard he pushes REITs, especially when many are overvalued. I continue to look for beaten down real estate companies that throw off decent cash flow. Any values you see out there now? Some of my preferreds have topped out and I may want to sell them and reinvest the funds in better places. Thanks.
I'm not a big fan of the author of that article. He pushes REITs pretty hard, but sometimes does not seem to understand that many REITs are fully valued at the present time. A number of the REITs are also overvalued now, as many trade over 20 times FFO.
KIM is down 3% on the day as well. However, most companies with smart management have already locked in their rates with medium and long-term bonds.
Simon Properties spun off Washington Prime last year. They just purchased Glimcher and now trade under the symbol of WPG.
I own the WPG-PH shares with a coupon of 7.5%, but the common stock looks interesting too. They were recently upgraded to Ba1.
If interest rates are increased, they will be very minimal for the next few years. My preferreds are right near the 52 week high, so investors are trying to lock in good rates on preferreds that can't be called for a couple of years.
Thanks for the brief, but informative article. Yes, sometimes it is like watching paint dry. Sometimes I feel the same about my preferred stocks.
David and NRL, I agree with both of you. A good dose of "Ignore" will probably do some good.
Sometimes, after a long day at the office, I make a bag of microwave popcorn and read some of his posts. It's pretty good comedy, as you never know what he will come up with next.
Do you think the SEC will make O disclose all the sub-prime malls they own?
For some reason, I can't find a single one on their website.
Are they moving along quickly? Will the company have to change things on their website? What about their claim they rent to CVS and Walgreens - will that have to be removed?
Maybe the SEC will force the company to list all the malls they own. LOL !!!!
I am reading through one of the leases right now. It is boring, but I see the rent increase listed in black and white.
Just call IR and they will get some information to you. What did the SEC say when you called the? Will O have to change anything on their website?