I am not able to come up with any compelling ideas in REIT of late. Looking for some help. What are your compelling REIT ideas?
This frequent REIT contributor at Seeking Alpha makes the case for MAC:https://seekingalpha.com/article/4305502-tanger-vs-macerich-...I also chose MAC over SKT for many of the reasons the author articulated in hisarticle. It's a risky play nonetheless.David
MAC is very much in my radar. However, until I see the company address the concerns (I have and the Market in general), there is no point in buying. For me, MAC is buy only after the catalyst. The main fear I have is, if you buy and the management does nothing and you are hit with recession, then you are in a bad situation.I would rather sacrifice the first 10%, than get sucked in and not find a way out.
BTW, I find the analysis shallow. They are hardly acknowledging the issues that are holding MAC price down.
How about BRT? A small apartment reit that specializes in buying complexes in high demand cities and then upgrading the complex to improve returns. They seem to be doing well, a 5% dividend and growing FFO. and they aren’t invested in Malls! An area that I have a lot of trouble investing. Too much risk in the long term. RandyLong BRT
Interesting idea. I need to do research on this name. Thanks.
Hi Kingran, I really do not know anything about Reits, but I find them intriguing. I just need to read more about them. Having said that have you looked at IIPR?. It's a reit that rents out warehouse space for grow houses in the Marijuana industry. They are growing very fast because the companies that are growing pot rent space for them, since a lot of them can't bank their cash and I assume that this is one way to spend their cash. Their dividend and Revenue have been growing, just looking at them and thinking they might be the way to play the pot industry.Andy
Hi Andy,I looked at IIPR a while ago and decided that although it might be an interesting more speculative play, I personally count on the REITs in my portfolio for income and ballast to balance out a few Saul-like holdings so ultimately decided against investing. That was months ago and my thoughts may be stale now.Also I strongly recommend Ralph Block's book on REIT investing. He was an incredibly helpful long time poster on this board until he passed away several years ago and his book is still a good introduction to REIT investing.https://www.amazon.com/Investing-REITs-Estate-Investment-Tru...You could probably also find it at the library (it's that place that has actual books for free I have to remind my millennial friends).There are still some really REIT-smart posters on this board who stop by regularly or sometimes irregularly.David
Hi Andy, Here's the thread where IIPR first showed up on this board. Not much there but I followed the company briefly after the IPO and then as noted, decided against it. Given its huge pop, probably should have bought some shares, but more of a growth's stock!https://boards.fool.com/new-reit-listing-on-nyse-iipr-324911...Here's two IIPR discussion threads on Saul's board before he banned posting about marijuana related ideas.https://boards.fool.com/iipr-33083500.aspx?sort=wholeAndhttps://boards.fool.com/iipr-2018-double-32939126.aspx?sort=...Hope that helps get you started.David
Also I strongly recommend Ralph Block's book on REIT investing. He was an incredibly helpful long time poster on this board until he passed away several years ago and his book is still a good introduction to REIT investing.Thanks David, I have the book but haven't had a chance to read it yet. It's on the to do list but right now I am knee deep in Margin of Safety by Seth Klarman.Andy
Here's the thread where IIPR first showed up on this board. Not much there but I followed the company briefly after the IPO and then as noted, decided against it. Given its huge pop, probably should have bought some shares, but more of a growth's stock!Thanks David I appreciate that.Andy
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