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Author: brucedoe Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77148  
Subject: Re: REITs 9/97-9/00 Date: 10/1/2000 3:05 PM
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I notice WRE is on your list and I have been a long term holder of it. One of its nicest features is that it has raised dividends for 29 consecutive years. That takes it back before the Nixon stock market of 1973-1974. Alas I bought some in the early 1990s when there was irrational exuberance at a price around $24-25/sh, prices I don't expect to see again in my lifetime (I'm 69). But I did develop of plan of buying when the price dropped below $15/sh, and it is nicely above that, lately around $20/sh. They pay a decent dividend and increase it annually so you can keep up pretty well with "official" inflation. At $15/s, I consider it a very safe investment, but at $20/sh it might be a bit rich.

A REIT you didn't mention that seems to be very good is BRE which has been hitting all time highs this year and is currently close to it at $32/sh (plus their spin off Velocity worth more than a dollar a share). It is an apartment REIT centered in California but has complexes in Oregon, Arizona, and Nevada. I think it is a good buy below $25/sh, and it has spent much of the year below that. I picked up some at just over $20/sh earlier this year. They don't have a long record of increasing their dividend, but they have done so since becoming an apartment REIT (converted from a diversified REIT). I figure that, even in a recession, people have to live somewhere.

brucedoe
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