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Author: LordXot Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77137  
Subject: Re: The Safest REIT Preferred Stocks Date: 10/4/2008 8:21 PM
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Martinmoth says…”In preparation for Monday can we share some thoughts as to the safest REIT preferred stocks.”…………………………………………………………

Good question. Let’s get the opinion of the absolute authority on this 
matter…..Mrs Market herself. She says these are the “safest” reits so 
lets consider their pfds to be the “safest” pfds. From my list of reits 
that issue pfd stock, i’ve sorted those that yield under 5% and have a 
$25 regular pfd…no convertibles. It’s reasonable to assume Mrs Market 
shows her regard for dividend yielding stocks by bestowing the lowest 
yield on those she considers to be the best….a completely unbiased 
opinion. Here they are…….. 
	
Symbol  Yield
PSA	2.40%
DLR	2.90%
ARE	3.00%
PSB	3.20%
SKT	3.70%
TCO	3.70%
BFS	4.10%
OFC	4.20%
VNO	4.30%
EQR	4.70%
HCP	4.80%
REG	4.80%
BRE	4.90%

By extension, here are the “safest” reit pfd stocks per Mrs Market.

Symbol  Price Dividend  Yield
PSA-E	17.32	1.68	0.097
DLR-B	18.05	1.97	0.109
ARE-C	20.15	2.09	0.104
PSB-I	16.30	1.72	0.106
SKT-C	22.50	1.87	0.083
TCO-G	20.50	2.00	0.098
BFS-B	20.19	2.00	0.099
OFC-G	21.00	2.00	0.095
VNO-I	16.44	1.76	0.107
EQR-N	19.05	1.62	0.085
HCP-E	17.51	1.81	0.103
REG-D	18.51	1.81	0.098
BRE-C	17.50	1.68	0.096
			
	245.02	24.01	0.098

I would make some substitutions to this list but wouldn’t we all. But I’ll leave it alone. Can’t argue with the boss……………………….Xot
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