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Hey Andy,

In the video, you say that ROIC is a REIT. I may be wrong, but I thought that they were not an REIT yet. When did they officially convert to an REIT, or have they always been. At Smartmoney, it says that the dividend yield is 2.45%. Isn't that low for an REIT? What reasonable guesses would you have for the future dividend of ROIC in terms of yield and its ability to increase? Thanks for your help.

Edyboom
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Happy New Year Edyboom!

There actually is no magic REIT status moment, except for March 15th when corporations need to file their taxes. ROIC will simply file a Form 1120-REIT and continue to operate accordingly.

http://www.irs.gov/pub/irs-pdf/f1120rei.pdf

Now, if they were to some how not meet the necessary requirements, the IRS would tax / fine them on the disqualifying income. Give the experience and history of the management team, I'm not anticipating that this will be a problem.

If ROIC were to some how fumble the ball, I would definitely stop saying such glowing things about Stuart Tanz, and advise him to stop hanging out with Suzanne Somers :

http://thesocialdiary.com/images/kids%20korps%202007%20(36)....

Cheers,

Andy L-C (TMFAloha)
http://www.twitter.com/TMFAloha

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Thanks for the info Andy. I am a subscriber to both RB and SA, and it means a lot to me when I get individual feedback from professional Fools such as yourself.

Edyboom
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