From the category archives:

Retail Reits

Mortgage REIT Annaly Downgraded by Piper Jaffray

January 9, 2010
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REIT Wrecks avoids the daily ugrade/downgrade wars on Mortgage REITs in favor of longer term trends, but Annaly is a bellwether and for that reason Piper Jaffray’s downgrade of NLY from Neutral to Underweight is worth noting. Piper Jaffray lowered their price target by $3, or over 15%.

The most interesting aspect of the [...]

More on this topic (What's this?)
THROUGH A GLASS DARKLY (THE PRAGMATIC CAPITALIST, 2/5/10)
Increasing Dividend Yield Part II: REITs (Dividends Value, 3/10/10)
Is Now the Time for US REITS (Buying Value, 3/14/10)
Read more on Annaly Capital Management, Piper Jaffray Companies, Real Estate Investment Trust (REIT) at Wikinvest
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Real Estate as an Inflation Hedge? Don’t Bet On It

July 7, 2009

One major reason for investing in commercial real estate and REITs is that real estate is thought of as an effective hedge against inflation, yet commercial properties were an abyssmal inflation hedge in the early 1990s. So why are they still considered to be an inflation hedge if that isn’t always the case? [...]

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REITs Queuing Up To TALF Trough By the Dozen; Debt is the New Equity

June 18, 2009

REITs cracked the capital markets code this quarter. What looked like one of the biggest incipient financial train wrecks since the Great Depression has turned into a scramble for REIT scrip of almost any stripe. The MSCI US REIT index is up 55% from it’s March lows, and $15 billion in credit [...]

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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 the [...]

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Time To Buy Retail REITs?

January 15, 2009

Retail REITs posted their worst yearly decline on record in 2008, and for good reason. Consumers snapped their wallets shut on dollars faster than a Venus Flytrap in a Stephen Goldblum movie.

Does This Mean Opportunity in Retail REIT land?

Nevertheless, money never made more money sitting under a mattress. For the risk tolerant among [...]

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No Bottom In Commercial Real Estate Until 2010 – 2011

December 20, 2008

The good news is that the end is near, and I’m not talking about the rapture. Mercifully (unmercifully?), Moody’s said Friday that commercial real estate is going to get a whole lot worse before it gets better, but that it WILL get better. Unfortunately, that won’t be until 2010, at the earliest.

For now, Moody’s says [...]

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Macerich Says "Yes We Can!"

December 15, 2008

And you thought you had it bad with a Mortgage REITs. Retail REIT Macerich (MAC) found itself in the eye of the storm after closing a sale/leasback on 41 of 149 Mervyns stores in late 2007 and early 2008. Mervyns was already struggling, so it was not a huge surprise when the California-based chain declared [...]

More on this topic (What's this?)
Not bankrupt quite yet … (Stock Gumshoe, 12/15/08)
(MAC) Macerich Fourth Quarter Funds From Operations Dips (Stock Blog Hub, 2/15/10)
Bookkeeping: Covering Most of Macerich (MAC) (Fund my Mutual Fund, 3/27/09)
Read more on Macerich Company at Wikinvest
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Retail REIT List

August 21, 2008

This is the most up-to-date Retail REIT list on the web; prices and yields are updated daily at the close. The list is organized by alphabet in ascending order. The list contains links to the home page of each REIT stock, and links to Yahoo news. Links to additional REIT lists by property type can [...]

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Retail Woes To Ripple Through CMBS

July 29, 2008

One Less CRE Lilly Pad In The Real Estate Swamp
The Wall Street Journal is reporting that lawyers for Mervyn’s LLC are telling creditors that the regional department-store chain will file for bankruptcy protection in the next few days, barring a last-minute cash infusion.
Mervyn’s, which operates 177 stores, mostly in California, has been struggling in the [...]

More on this topic (What's this?)
Three Thousand Words on CRE (Financial Armageddon, 3/4/10)
What Happens When American Cities File For Bankruptcy; Illinois is Insolvent (Shocked Investor, 3/9/10)
Safe...or Sorry? (Financial Armageddon, 2/10/10)
Read more on Care Investment Trust at Wikinvest
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