From the category archives:

High Yield Mortgage REITs

Dynex Looks Like a Mortgage REIT That’s Built to Last

August 10, 2009

Dynex Capital Inc. is a rather small US-based Mortgage REIT that invests in securitized residential and commercial mortgage loans and non-agency MBS. Management has a significant stake in the common stock, so it shouldn’t be surprising that the company made almost no new investments in 2006 and 2007.
As of June 30, 2009, Dynex Capital had [...]

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Agency Mortgage REIT Dividends Get Better & Better

June 25, 2009

Shamefully, I haven’t done much with Agency Mortgage REITs here, but the times they are a changing. Agency REITs are killing it on net interest spreads, and that is causing higher net incomes and increased dividends. What else could an investor want, next to a portfolio of government-guaranteed mortgage debt? Not surpringly, many investors [...]

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REITs Quietly Sell Stock Overnight at a Discount; Next Day Pop Fries Shorts

June 8, 2009

If Frank Quattrone could start over, he would be a REIT banker. REITs staged a huge rally this quarter, almost $15 billion in new equity has been raised through 45 public offerings this year, and even the Italians are descending upon New York to list new deals. With REIT stocks now being served up like [...]

More on this topic (What's this?)
Short this REIT? (The Curious Investor, 6/23/09)
Take Advantage of The ‘Tall-Grass’ Indicator (Contrarian Profits, 6/2/09)
Real Estate Investment (Dis)Trusts (Contrarian Profits, 6/11/09)
Read more on Real Estate Investment Trust (REIT) at Wikinvest
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Closed End REIT Funds List

April 3, 2009

If you’ve been looking for a comprehensive list of closed-end REIT Funds, you’ve found it. REIT funds prices and yields are updated daily at the close, and the list includes expense ratios:

Closed End REIT Funds List

Prices & Yields Updated Daily at the Close

Fund Name
Last Price
Change
Yield
Expense Ratio
News

Cohen & Steers Advantage Income Realty Fund
+0.00
+1.27
N/A
1.13%
RLF

Cohen & Steers [...]

More on this topic (What's this?)
FITCH: CLOCK TICKING ON REITS (THE PRAGMATIC CAPITALIST, 4/6/09)
Guest Post: Open Letter To The SEC Regarding Wall Street's REIT Bait-And-Switch (naked capitalism, 4/22/09)
REITs are Cyborgs (BS on the Market, 4/16/09)
Read more on Real Estate Investment Trust (REIT) at Wikinvest
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Buy This Residential Mortgage REIT, Says JP Morgan

April 3, 2009

For those of you who are pursuing more intrepid REIT investing strategies, the case of Redwood Trust (RWT) may be relevant. The news is old only because it occured on March 16th, but the thesis is definitely more eternal.
Redwood’s primary business is investing in the absolute eye of the storm: single family residential real estate [...]

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The Coming Bust In Commercial Real Estate: Why Developers Are Desperate For the Dole

December 23, 2008

REITWrecks: December 23, 2008
Both Bloomberg and the Wall Street Journal published stories on Monday warning of increasing trouble in the land of commercial real estate. It’s going to be pretty bad, there’s no doubt about it. But why is it bad and who is it really going to hurt? The Bloomberg headline claimed defaults could [...]

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Mortgage REIT CBRE Realty Finance Suspends Dividend

December 18, 2008

Mortgage REIT CBRE Realty Finance has been fatally stung by its aggressive commercial real estate loan origination activities, which began at the worst possible time: 2005. CRTYZ.OB hardly has a nice ring to it, but on November 7th, the New York Stock Exchange permanently de-listed CBF (CBRE Realty Finance) due to its inability to [...]

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Commercial Mortgage REITs: Reason to Believe

December 9, 2008

Money Management Letter reported last week that The New Jersey Division of Investment has authorized a $1 billion allocation to commercial real estate that will be deployed over the course of next year. The move roughly doubles New Jersey’s current 5% allocation, said Kathy Jassem, portfolio manager. A significant portion of the allocation will be [...]

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TARP Torpor Torpedoes REITs

November 22, 2008

No wonder the original plan what plan? was only three pages long. It turns out that there was no plan. When I heard the news that Treasury had reversed course on the Troubled Asset Recovery component of the Troubled Asset Recovery Plan, that and writing an article with the above title were the first [...]

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FASB Amends Fair Market Value Accounting

October 12, 2008

Governments around the world have gone on a coordinated offensive of truculent press releases in an effort to combat the growing credit crisis. Mortgage REIT prices also popped again on Friday, NCT was up over 60%, RAS and RSO were both up over 30% and NRF was up almost 40%. But this is [...]

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