From the category archives:


BMO Upgrades U.S. REIT Sector

May 11, 2009

BMO Capital Markets upgraded the U.S. real estate investment trust industry to “outperform” from “market perform” today, and said it believes REITs are at or nearing a turning point. “We are raising our sector rating … based on early signs of economic recovery, the competitively advantaged position of the REITs vis-a-vis the broader real estate […]

Read the full article →

REIT Stocks: 4 Ways to Play the Carnage

March 4, 2009

If you’re looking for the best REIT stocks, you should review the definition of an oxymoron and maybe also have your sanity checked. Since REITs peaked in February 2007, the sector is down 75%, as measured by the benchmark MSCI U.S. REIT Index and 64% since last September alone. Equity REIT yields are the now […]

Read the full article →

The Best Performing Apartment REIT For 2009

February 8, 2009

Zillow reported that American homes lost about $1.4 trillion in value in the fourth quarter of 2008 alone. This value vacuum is directly connected to the dismal earnings now being reported by Apartment REITs. But first, one amazing factoid: this one quarter decline is more than all of 2007’s losses combined. This was also the […]

Read the full article →

Warning: These REITs Still Pay Dividends, But Not In Cash

January 19, 2009

“I’ll gladly pay you Tuesday for a hamburger today.” Wimpy, character from the cartoon series Popeye As many of you may remember, Wimpy was not only a character from the Popeye cartoon series, he was also a glutton for hamburgers, and he would consume them at a ferocious rate. Of course, “Tuesday” would never come, […]

Read the full article →

Apartment REITs are Right Now

December 12, 2008

Two weeks ago, I wrote that a very good buyside analyst I know was selectively buying all the Apartment REITs he could get his hands on. He told me this after closing out his iStar short, which he took from $20 to $8, so I was pretty interested in what he had to say. In […]

Read the full article →

Play Subprime Safely With These Residential REITs

March 20, 2008

Back in 2005, executives at Camden Property Trust (CPT), a REIT specializing in large apartment complexes, were worried. Why had they been unable to maintain their average occupancies at historical levels? They fanned out across the country to talk with CPT property managers, who complained of having to turn down the credit of applicants for […]

Read the full article →