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Welcome to the REITNotes Community! This is a spot for REIT enthusiasts to share their passion and knowledge of the REIT market. We encourage you to ask questions to the community and share your ideas about anything related to REITs and the real estate sector.



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REIT are releasing their quarterly earnings reports. Which earnings and revenues hits and misses are you most surprised about? - Kev B - 2019-04-23 13:30:22 PDT

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So on Tuesday based on some positive companies earning reports the NASDAQ and S&P 500 had record closing highs, while the Dow was within 1% of an all-time record close, yet today with some lower than expected earnings the market is down. - LLNN - 2019-04-24 12:42:44 PDT

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Finally! It seems like the REIT stocks prices have bounced back! - WowReits - 2019-04-23 07:55:00 PDT

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Some bounces are probably due to positive earning reports coming out this week. - Kev B - 2019-04-23 13:45:02 PDT

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Which do you think will be the best hotel and resort REITs to invest going forward? - Gekko5 - 2019-04-22 15:36:33 PDT

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I have been interested in Brookfield Property Reit #BPR, due to all its growth and acquisitions, but wondering if it’s a healthy Reit. Opinions? - Atopp - 2019-04-22 08:04:46 PDT

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Last month Brookfield acquired 62% of Oaktree Capital Group, LLC yet Oaktree will supposedly continue to operate independently. Oaktree by itself is a pretty large company in the alternative investment mgmt space, this purchase should do well for Brookfield. - LLNN - 2019-04-22 21:05:47 PDT

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Is there only one REIT in India? I was searching for REITs by country and noticed there is only one in India. - GoGo - 2019-04-20 18:26:50 PDT

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#EMBASSY is the first Indian reit, but now that they have open the way, more will follow. I believe there were years of legislation, government and corporate work necessary to make this happen. So going forward it should be easier for the next local and international companies partnering to do the same. Also, this is a new type of investment option for the Indian market, so initially it may be easier to attract foreign investment instead of local investment. But with time the local demand should also grow. - LLNN - 2019-04-22 21:11:40 PDT

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Understood, thanks @LLNN. - GoGo - 2019-04-22 22:09:13 PDT



Innovative Industrial Properties #IIPR has gone up to $80 since inception in Dec 2016, what is going on? - Gekko5 - 2019-04-20 18:01:35 PDT

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Will Triple Net lease REITs be the only ones to survive the physical retail downturn? - Sem_Sem - 2019-04-20 14:23:28 PDT

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nope! there are many other reits that own a lot of retail and are doing very well... for example Weingarten #WRI - alexanderTgreat - 2019-04-20 18:31:42 PDT

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Will current Cap Rate levels impact REITs and how? Will the impacts be visible in the short term or long term on financial reports? - Rocco64 - 2019-04-20 12:06:36 PDT

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Cap rates have been at pretty much historic lows in last years, this reduces the returns for the individual investor of real estate and for REITs. A year ago I was looking at physical properties to invest to get some direct investment into real estate, and the Cap rates offered in major markets was at the range below 5%. That made the returns very unattractive for me, even more, when weighing the risk. So for REITs it is a similar process, the lower the Cap rate, the smaller the margins compared to the properties acquisition cost and the debt financing. So this affects the overall bottom line of a REITs AFFO/FFO. - Gekko5 - 2019-04-20 18:46:05 PDT

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What is the point of buying a REIT with a low dividend yield? Why bother? - LLNN - 2019-04-19 19:02:57 PDT

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I own some REITs with low dividends (below 3%), but it is because I like the REIT and plan to hold the stock in my portfolio forever, and I project the stock will appreciate and the dividend payout value with grow faster than inflation. - Omick99 - 2019-04-19 22:47:25 PDT

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The point is that it is better to invest in a good reit with long term prospects than a reit with a higher dividend yield with short term prospects and market cap erosion. Moreover, take #ESS Essex that has a low 2.8% dividend yield but its stock price has grown from $170 to $270 in 5 years. How long would it take to have that equivalent appreciation via dividends? A long time, so buying a reit that has market cap growth potential can most likely be more lucrative than a higher yield dividend stock with flat stock price growth. - Sem_Sem - 2019-04-20 14:34:18 PDT



Why are Seritage Growth Properties (SRG) shares so high? - Kev B - 2019-04-19 15:39:10 PDT

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The Company FFO for #SRG has been decreasing quarter over quarter and is negative for the last two quarters, plus revenues are down yoy. I assume it will have to cut its dividends soon, because where would the money come from to pay for it? - Omick99 - 2019-04-19 22:15:56 PDT

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#SRG's current REITRating is of 1.6, probably the lowest rating I've seen. - LLNN - 2019-04-22 22:09:13 PDT



Which emerging markets REITs are you most interested in? - Molly23da - 2019-04-19 14:54:58 PDT

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Apparently the Philippine property developer Ayala Land Inc is looking to raise $500 million in the country's first REIT, so its great the more counties are still adopting the REITs model which give us the chance to tap into new real estate markets. - LLNN - 2019-04-24 10:01:00 PDT

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As far as developing countries go Brazil has a large number of REITs called Fundo de Investimento Imobiliario (FII). Although they have many REITs from what I have been able to research, the Brazilian reits have significantly smaller market caps than US reits and fewer properties in their portfolio. From what I gather some reits are even for single properties. Buying into a reit that owns only one property is likely a risky investment. I guess it more closely resembles a real estate deal in which you own one property. - Omick99 - 2019-04-19 22:03:03 PDT

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Does anyone know a good ETF which has more weight on international REITs, many of these "al ETFs" are made up mostly of US REIT shares with a smaller percentage in foreign reits. I'm looking for one that has most shares focused on foreign markets. Thanks. - LLNN - 2019-04-22 21:15:24 PDT


India launched its first REIT this year, India is a huger market with plenty of growth opportunities. - Kev B - 2019-04-19 16:57:10 PDT

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The Indian REIT is called Embassy Office Parks REIT and it is focused on commercial buildings, offices, IT parks, and industrial areas, which is a good sector for India right now. #EMBASSY - Gekko5 - 2019-04-20 18:18:18 PDT



How do businesses like WeWork impact REITs? - Wallbird - 2019-04-19 14:03:08 PDT

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I would prefer if REIT managers do not get caught up in the WeWork hype. Why? Because although WeWork can make cool offices and encourage people to stop working out of Starbucks and kitchen counters and into their offices, that will only happen for so long. If the individual realizes they cannot afford that office space (or it doesn't generate the expected returns or growth) or if the economy takes a downturn, WeWork will have unfilled office space. At which point the REITs will have a large tenant which cannot pay rent. Also with the hype of WeWorks other coworking startups have followed which are less financially funded and likely to go bankrupt faster, again putting REITs which rent to these companies at risk of default or not renewing rents. I'm sure WeWork offers many benefits and so forth, but again, I hope the seasoned managers of REITs will manage their tenant base with the necessary caution. - Kenbeertt - 2019-04-20 11:46:38 PDT

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I have never understood why WeWork is treated like a tech company? It just rents office buildings and then rents out the space (e.g. desks) out to individuals, freelancers, or small/mid size business. The business model is not new, other companies already did this long before WeWork, so the impact to REITs can probably be measured by the impact other similar businesses had, such as Regus. That might not answer your question but just wanted to call this out. - Kev B - 2019-04-19 17:06:32 PDT

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@Kev B, I very much agree. Also, WeWork already leases office space from SL Green Realty Corp #SLG, Boston Properties #BXP, and Highwood Properties Inc #HIW. I don't think an office REIT operator really much care if its WeWork or another who is renting the office space as long as they are paying the rent and meet the qualifications. - Omick99 - 2019-04-20 09:51:04 PDT



Which REITs do you think will be recession proof? - Muchomas - 2019-04-19 12:09:35 PDT

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Avoiding REITs that are overpriced will be a start as I suspect they will get hit harder. If the reit has price multiples much higher than comparable stocks that gap will likely lower during a recession. Just a thought. - Kev B - 2019-04-19 23:06:29 PDT

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i recommend looking into the diversified reits which make money on all sorts of sectors... - alexanderTgreat - 2019-04-19 13:46:33 PDT

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A recession may happen for different reasons, the 2007-2008 crash was related to subprime mortgage crisis 2008. But the next recession will probably be for other reasons, so reducing the most impact may be dependent on understanding it before it hits. - Kev B - 2019-04-21 16:17:05 PDT

I was going to suggest also investing in a diversified ETF, but looking at #VNQ as an example during 2007 & 2008 their stock price went from around 80 dollars in Jan 2007 to 23 dollars on February 2009. It took it until around 2015, to reach is 2007 levels, although it could be said its 2007 was overvalued. If you don't have the financial need to sell any stocks during a recession then at least you can wait it out and hopefully collect some dividends from the overall portfolio. - Omick99 - 2019-04-19 22:23:55 PDT



Which REITs have a good Debt to FFO ratio? What is a healthy ratio? - LLNN - 2019-04-19 11:33:43 PDT

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Is the REIT SAFEhold a good investment? Why is the stock so high recently? - Kyuie - 2019-04-18 23:54:47 PDT

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I must be missing something but why is Price to FFO trading at 20.15x and P/AFFO at 36.78x!? Its Div/AFFO payout ratio is also above 100% last 2 Qs. I need to further understand this. - Kev B - 2019-04-19 08:36:22 PDT

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Remember when #WHLR was at >10 dollars? I never thought it would go this low... - Zuggar3 - 2019-04-18 22:55:16 PDT

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The writing was on the wall for a long time with quarter after quarter of 100%+ dividend to AFFo payout ratio. It was unsustainable! Some quarters it was above 200%, it was too optimistic to think they wouldn't eventually cut their dividends. Funny thing is there are other such reits like this today which people keep investing in. - Atopp - 2019-04-18 23:20:32 PDT

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How do you guys feel about Gazit Globe REIT? - Rken - 2019-04-18 21:29:27 PDT

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I was a happy investor in Gazit until they announced in February they were delisting from NYSE. Supposedly there would be no impact on shareholders’ ownership of their ordinary shares, but I think there was. I'm still getting dividends but now it comes from GZTGF traded on the OTCMKT, and every time I get a payment I get a value debited as foreign tax withheld. - Jon7421 - 2019-04-18 23:02:43 PDT

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In march of this year Gazit announced a tender offer to buy 10 million shares approximately 5.3% of Gazit's issued and outstanding shares. Is this a routine buy back or are they eventually buying all their OTCMKT shares? asking since dont know. - Omick99 - 2019-04-19 08:47:35 PDT



Why is SKT share price gradually falling if they have been gradually increasing their dividends, and their revenues have been growing quarter over quarter? What am I missing? - Billy123 - 2019-04-18 18:13:46 PDT

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No one knows for sure how mall REITs will fare in next couple of years. - thisway - 2019-04-19 10:57:12 PDT

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JPmorgan and Standards&Poor downgraded Tanger Factory outlets in recent months, that put it on shake grounds with some investor groups. - Atopp - 2019-04-18 22:29:26 PDT

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I believe a market report came out a couple of days ago saying that some REIT malls were not being successful as originally hoped in bringing new types of tenants to their spaces. For example, they were hoping to attract gyms and other entertainment venues but for some reason, the numbers have not been as strong as hoped. I'm trying to find the article so I can add the link here. - Rken - 2019-04-18 21:34:53 PDT

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Does anyone know why #UNIT price feel so sharply in March of this year? It had been relatively stable until then. - GoGo - 2019-04-18 17:51:48 PDT

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I stopped buying unit when the price went above $16 just didn’t make sense as windsteam situation became worst. - Muchomas - 2019-04-19 12:14:22 PDT

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chopping the dividends from 60 cents to 5 cents was savage! - Jon7421 - 2019-04-18 23:24:24 PDT

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Windstream one of Uniti’s biggest customers filed for Chapter 11 bankruptcy. - Rubyckube - 2019-04-19 10:06:44 PDT



LXP has been rocky, but is it time to buy? Are they being successful in their transition? - LLNN - 2019-04-18 14:10:04 PDT

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I am rooting for #LXP I think it was a bold move for this old dog (33 years) to learn some new tricks, no disrespect intended. :) I have seen some criticism on the REIT's mgmt but I don't know enough details on their day-to-day to make that analysis. The company did have a stronger AFFO in 2016 compared to 2017, and a stronger AFFO in 2017 compared to 2018 (although this change was smaller). So I'm curious as to why such a significant cut in dividends. I'm hoping to see their FFO start to pick up in coming years as a sign that this restructure is working. - Faston - 2019-04-18 22:42:18 PDT

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Do their financial reports provide insight if the transition from office to industrial is working? - Me332 - 2019-04-18 21:56:10 PDT

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Which small cap REITs do you think have the biggest growth potential in next 5 years? - wolfman82 - 2019-04-18 12:38:19 PDT

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I like KITE as a small cap reit. I’m not expecting big things from it in next five years. Just a steady reit and dividend. https:www.reitnotes.com/reit/Kite-Realty-Group/symbol/KRG - Muchomas - 2019-04-19 13:05:14 PDT

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I personally believe it's Safehold (SAFE). They are relatively new, but their share price has already increased by 20.36% in one month. - Zuggar3 - 2019-04-18 23:09:23 PDT

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Hi Zuggar3 I saw your comment on Safehold and I was surprised that this small-cap reit has grown so much in 2019. I had to place the question for the community to get insight on the quality of this stock. - Kyuie - 2019-04-18 23:57:32 PDT



Nice! #WPG @ 20.79% dividend yield today? Is this too good to be true? - ReaderBeliever - 2019-04-17 22:41:13 PDT

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Readerbeliever the problems with WPG is knowing where it will bottom out. Investors get burned when they don’t understand what is going on with the company and think that the price or dividend will not drop below a point. With wpg I don’t know either one of those things, and that scares me in putting my money there. - Rken - 2019-04-18 12:11:31 PDT

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stay away, and find more reasonable investment and returns prospects. - Jon7421 - 2019-04-17 23:14:03 PDT

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Is it worthwhile to buy a struggling stock with a turn around an opportunity or an already successful stock? In your opinion, which may present the highest upside in the long run. - braverduringtheday - 2019-04-17 19:21:47 PDT

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There is a difference between REITs that are turnaround and those that are just slowly going bankrupt. Confusing the two can be costly. A mistake I have made more than once. - Rubyckube - 2019-04-19 10:10:19 PDT

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From personal experience, I don’t recommend buying struggling stocks unless you really understand the company and see a path to green for them. I lost a lot of money in the past with struggling stocks. - deadtom - 2019-04-17 22:23:46 PDT

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Is that why you are deadtom, ha! - Rken - 2019-04-18 12:12:35 PDT



When is it worthwhile to sell my losing REIT stock to reduce my tax bill with a capital loss? At what point do you usually make that decision? - Oppa Norm - 2019-04-17 19:05:33 PDT

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Be careful not to sell a stock based on emotions or short term thinking, analyze the company for its long term potential. If it long term outcome look worst than current position than yes it can be time to exit. - Atopp - 2019-04-22 09:49:40 PDT

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It is a hard realization at times to admit to oneself that the stock is not coming back to the values it was once acquired for, so I think that plays into the difficulty of selling a losing pick. - RoTtom - 2019-04-17 21:19:59 PDT

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I just read an article that talked about CyrusOne CONE, which made me curious to look them up in this site. Their share prices seems to be on the rise, and still below their Sep 2018 price. Is anyone else thinking of investing in them? Any thoughts? - GoGo - 2019-04-17 18:51:47 PDT

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#CONE is one to buy and hold. The dividend yield is only 3.2%, but with the company's history of dividend bumps that yield will improve with time if you're holding. - Rubyckube - 2019-04-17 23:21:50 PDT

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Does anyone know the impact that Trumps tax cut have had on REITS earning reports in 2018 or will have in 2019? - Rken - 2019-04-17 16:27:05 PDT

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What do you guys think of #COLD? - Rken - 2019-04-17 16:24:29 PDT

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Thanks guys, I decided to get a small starting position on COLD today, I plan to keep buying more if I see the company continues to increase dividends and share price. - Rken - 2019-04-18 20:23:37 PDT

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they announced yesterday their acquisition of Cloverleaf Cold Storage which is the 5th largest US player in this temperature controlled storage segment, imagine how much bigger COLD became now. - Rubyckube - 2019-04-17 23:04:23 PDT

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Started looking into Cold earlier this year. Thought I would wait to see if there was a pull back, yet has continued to go up. What is unique about cold's stock price is the consistency at which the price trades. Now thinking of investing soon before the price goes higher, would be disappointed if drops after that. - LLNN - 2019-04-17 21:14:43 PDT

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I have also been analyzing COLD, and they seem pretty stable, but I will wait to see what happens to the economy in the next days before making a decision. - GoGo - 2019-04-17 18:42:36 PDT

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I like Americold, since its IPO in January 2018 its stocks have been steadily growing. - RoTtom - 2019-04-17 21:06:09 PDT



Are REITs that own and operate single-family residential properties e.g #RVEN as profitable as multi-family REITs? Economies of scale is an important factor in real estate when managing a single tenant property versus one property with hundreds. - 777i - 2019-04-17 13:34:10 PDT

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RVEN on its 3/22/19 press release stated “While we have worked hard to actively manage, scale and add value to our 989 single family home platform, our efforts have not been acknowledged by the market. As fiduciaries of our shareholder’s capital, it is our obligation to uate all of Reven’s options to enhance shareholder value,” said Chad Carpenter, Chairman and Chief Executive Officer. The Company plans to explore a wide range of strategic alternatives that include, among others, a sale of the Company, business combination, merger with another company, strategic investment/financing, or a funded collaboration or partnership which would allow the Company to continue with its current business plan of buying and managing single-family residential properties throughout the southeast US. There can be no assurances that the exploration of strategic alternatives will result in any transaction. Reven does not intend to discuss or disclose developments with respect to the process unless and until otherwise determined that further disclosure is appropriate or required by regulation or law. No formalized timetable has been established for the completion of the strategic review.” More details http:www.snl.com/IRW/file/4542409/Index?KeyFile=397209128 This may speak to your question regarding the challenges of single unit REITs. - wolfman82 - 2019-04-18 12:31:15 PDT

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I can’t imagine that the challenge of managing all these individual units and tenants. Can you imagine the cost to go out to each of there properties to make service/ maintenance calls! - thisway - 2019-04-19 11:01:48 PDT



man! reit prices have really dropped: https:www.reitnotes.com/reit-stocks-with-biggest-price-change-in-the-last-1-day/ now is probably a good time to start looking for some bargains! - alexanderTgreat - 2019-04-17 12:33:44 PDT

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Reit prices are still high, waiting for a market correction - LLNN - 2019-04-19 11:30:01 PDT

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I agree @alexanderTgreat, now it's time to shop around! - Billy123 - 2019-04-18 18:20:50 PDT

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I looked around but still not convinced the current multiples. - Rken - 2019-04-18 21:40:48 PDT



Are REIT stocks overpriced right now? How would you compare it to the stock market as a whole? - BlueBlue - 2019-04-17 11:29:23 PDT

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The price to affo multiple of some REITs just don’t make sense right now. - LLNN - 2019-04-19 11:31:34 PDT

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Does Reitnotes allow to view a REIT's price-to-book value historic trend? That could give a good indication if p/b value is losing touch with reality. - RoTtom - 2019-04-17 20:40:39 PDT

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I don’t think it does, but would be a nice to have. On the reit profile page you can see the pb and once Clicked on take to a Pb reit ranking. - Rken - 2019-04-18 12:15:09 PDT



I wonder if #CBL will ever bounce back? - Spareideas - 2019-04-16 22:42:44 PDT

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How can CBL have missed so bad the signs in a changing retail industry? Where there not potential metrics signs over 15, 10 years ago which would have given some indications that changes needed to be made in their business model? Now it’s much harder for them to try and make all these asset changes and repositioning, pity. - Rken - 2019-04-17 17:22:08 PDT

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I was ok with holding on to my #CBL shares as long as it was paying dividends. My thought was that I would just wait it out and collect dividends, and not sell since I would lose a lot compared to what I paid. But now with the company cutting dividends, I feel like this will be a stock sitting in the corner of my portfolio just slowly going to zero. - Mrinvesta - 2019-04-17 18:45:50 PDT


I believe it will, but maybe I am too optimistic. Despite their share prices dropping, they are still consistent dividend payers. - deadtom - 2019-04-16 23:18:58 PDT

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I don't think CBL has ever been so close to hitting the $1 per share mark ($1.04 lowest of the day), is such a low share price warranted for CBL? I know the situation is bad for the company, but I would want to figure out what is a fair price for its poor conditions, and what is market overreaction. - LLNN - 2019-04-22 22:31:48 PDT

Actually, #CBL has already reduced its dividend payments at least twice in the last years and has announced that it will suspend its common dividend payments for 2 quarters. Also once they suspend the dividends I'm not confident they will start paying dividends again after two months (I would happily be wrong), but with their stock price trading so low, I don't see why they would be encouraged to bring back the dividends or bring it back at $0.075 per share again. - wolfman82 - 2019-04-16 23:32:26 PDT



GEO is trading at $19.16 compared to its 52Week high of approx. $28. Is the news regarding GEO overblown? Is this an opportunity to get in or should one avoid? - 777i - 2019-04-16 20:32:53 PDT

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GEO recently dropped when JPMorgan announced it would no longer finance private prisons. Not sure if it was for moral reasons or the fear that a government policy change could leave #GEO out of its main customer. I believe GEO will be around for a long time so investing on the downturn. - Kyuie - 2019-04-16 23:09:03 PDT

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But what if other large lenders follow JPMorgan, and don't want to do business with GEO? Would that not drive the cost of financing for GEO, and risk the companies returns? - Rken - 2019-04-18 21:43:28 PDT



Hey all! I once heard someone saying that with the baby boomers getting older, there will be a large demand for senior housing, but I have been analyzing reits like SNR and SNH and they don't seem to be doing so well currently. I am interested to know if anyone thinks it's worth investing some money in them now since they might go up in the future? - deadtom - 2019-04-16 19:34:52 PDT

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There are senior housing / healthcare reits that have done better take a look at #WELL, #VTR both of which I am long. - RoTtom - 2019-04-17 20:49:28 PDT

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In your opinion what are the best REIT ETFs? - wolfman82 - 2019-04-16 16:27:08 PDT

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Look at iShares Global REIT ETF #REET if want some international REIT exposure via a ETF. Approx. 65% of their exposure is in US reits, the rest in Japan, Australia, UK, France, Canada, singapore, Hong Kong, South Africa, Belguim and others. Best to look at ishares page for a latest breakdown. - Omick99 - 2019-04-19 22:33:37 PDT

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i personally like Vanguard Real Estate Index Fund ETF (VNQ). it's large-cap and currently pays above 3% dividend yield - alexanderTgreat - 2019-04-16 19:00:42 PDT

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SRET and SDIV paid their dividends today, it is a joy to see these ETFs monthly payments. - Kev B - 2019-04-16 19:09:46 PDT



What are predictors that a REIT will cut its dividends? Would love to hear some of the learning people have had regarding this. - Value finder - 2019-04-16 15:20:38 PDT

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There are many indicators that a REIT will eventually cut its dividends, including the REIT announcing ahead of time the plan to do it or to potentially do it. The leadership of the REIT may call it out during the Investor's quarterly earnings conference that they plan to cut it in a couple of quarters. The farther out the dividend cut and the more reasonable the explanation for why it is being done, or the less it is getting cut, the better. If management announces that they are cutting it right away (when the next payment was supposed to be received), the worst is the market's perception and reaction to the cut. The more unplanned and out of control the REIT will appear to investors, and the price can drop harder as investors will try to get out of it as quickly as possible before others. Now on the other hand if management explains why they are making the cut and can even show the long term benefit or need to do it, the better it will be perceived. Sometime management will give indications that if certain factors dont turn around they may eventually have to reduce or cut the dividends. In my experience those indications usually come true. - Kev B - 2019-04-16 19:57:08 PDT

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Why is the market down today? - Xianyo - 2019-04-16 09:47:22 PDT

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Many reit stocks have started in red this morning while tech market looking green Amazon, Google, Microsoft, Apple, even Lyft. - BlueBlue - 2019-04-22 11:37:53 PDT

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In the end it was short lived :( - wolfman82 - 2019-04-18 12:24:05 PDT

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I’m trying not to jump to early on the downward cycle as I did in Dec 2018. - wolfman82 - 2019-04-17 08:29:09 PDT

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Watching VER and STOR today. If I sense that REIT stocks are further pulling back today I will wait a bit longer to buy. - Rocco64 - 2019-04-17 07:43:00 PDT

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For a long hold dividend investor such as myself, a day like today is a move in the right direction. Sadly stock prices are still too high compared to where they should be... - AI_AI - 2019-04-16 22:34:25 PDT

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I'm looking through now to see which REITs dropped enough to make the price interesting to buy tomorrow. - Kev B - 2019-04-16 19:12:42 PDT

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If CCI goes below $120 in the near future, I would like to get some shares. - Atopp - 2019-04-16 21:34:37 PDT


Seems like the overall market has some slight gains today, with very tiny gains on the SP&500 and Dow Jones Industrial average. While VNQ the REIT index fund finished on a loss. - Value finder - 2019-04-16 14:27:18 PDT

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It may be just the some market segments that are down. Many of my REITs are in the red so far today but most industry indexes look up so far. - Molly23da - 2019-04-16 12:41:42 PDT

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Which REITs have the best dividends? - Fifthtime - 2019-04-16 07:59:55 PDT

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@Fifthtime, this might help: https:www.reitnotes.com/reits-with-highest-dividend-yields/ - WowReits - 2019-04-16 19:39:20 PDT

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Hi Kev B, Yes I know that "highest dividends don't actually translate to being the best dividends" I never said that it did. I was only providing Fifthtime with a list of all the dividends ranked from highest to lowest so Fifthtime could research the companies behind each one. - WowReits - 2019-04-17 17:34:50 PDT

Thank you WoWReits, but highest dividends don't actually translate to being the best dividends, more often than not it can be the opposite. None the less, thanks for sharing the list as a starting point to see what REITs are paying out. - Kev B - 2019-04-16 20:05:34 PDT



Which are your favorite REITs in the multi-family residential properties sector, and why? - Faston - 2019-04-16 07:53:56 PDT

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AvalonBay and MAA have a nice portfolio. - wolfman82 - 2019-04-17 10:22:30 PDT

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#BRG since they pay monthly dividends and their share price continues to grow. their payments have also been consistent. - alexanderTgreat - 2019-04-16 23:01:09 PDT

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BXP, VNO, CPT, and AIV - 777i - 2019-04-16 20:50:08 PDT

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Is the golf REIT, Drive Shack, a good investment? I'm looking to invest in a REIT related to leisure for long term growth and would like to know your thoughts. Drive Shack is a small cap reit so I'm thinking it can still grow a lot. - AI_AI - 2019-04-16 07:28:55 PDT

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Hi Value finder, I'm with you on picking EPR as an alternative, as TopGolf rents over half their locations from EPR. Approximately 34 complexes from its total 53 TopGolf US locations. And TopGolf appears to be doing well in this "indoor" golf segment. EPR has been growing FFO & AFFO year over year, along with dividend increase. On the other hand Drive Shack's dividends are suspended, and I couldn't find info on their FFO and AFFO. - Atopp - 2019-04-16 21:33:14 PDT

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Yes, avoid #DS for now. - braverduringtheday - 2019-04-17 19:13:55 PDT


If you are interested in leisure segment check out Entertainment Properties Trust, Inc. - Value finder - 2019-04-16 14:04:29 PDT

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i have heard about reits that own a lot of shopping malls, and how now might not be the best time to buy them... should I buy these reits? - BusinessKasual - 2019-04-16 07:16:47 PDT

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Is investing in REITs better than investing in other stock sectors? Any long term data that compares the performance of the REIT industry to the SP&500 for example? - Rken - 2019-04-16 06:38:25 PDT

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I can find higher dividend rates with more steady return in an industry I can better understand. - Muchomas - 2019-04-19 13:09:15 PDT

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Does anyone else get the feeling that the REIT market and other sectors like tech move in the opposite direction? I haven't researched this, but it seems to me that on days which the S&P and Dow are green, VNQ, RMZ, and IYR are red. I'm not sure why that is, and I know it is not always the case, but some days it appears investor are removing capital from one segment and investing in the other. - Atopp - 2019-04-16 22:12:12 PDT

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What are the best REITs to own? - Kyuie - 2019-04-16 00:17:46 PDT

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do you mean what type of reit or what reit specifically to own?? - BusinessKasual - 2019-04-16 06:59:46 PDT

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I mean specifically which companies/REITs do people like? Which perform well and pay dividends consistently. - Kyuie - 2019-04-16 22:52:06 PDT

Which ever ones that make me money : ) - Xianyo - 2019-04-16 09:50:25 PDT



What are some good REITs which don't get enough media exposure or attention? - Jon7421 - 2019-04-16 00:01:52 PDT

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EastGroup Properties (EGP) does not get enough attention for the quality industrial REIT it is. - wolfman82 - 2019-04-17 00:15:36 PDT

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I am so so tempted to buy SMTA today @ 19.556% dividend yield. The price also seems to be going up also. Good idea? Bad idea? - Spareideas - 2019-04-15 23:01:04 PDT

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Spareideas don’t let impulse and temptation drive your investments. - Muchomas - 2019-04-19 13:12:43 PDT

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As a shareholder of Spirit Realty Capital, I received shares of Spirit MTA REIT when SRC spun it off last year. I believe it was 1 share of SMTA for every 10 shares that I owned of SRC or something like that, I don't recall specifics. Either way, I received SMTA's and SRC's dividend payment this week, SRC seems to be holding its stock price similar or close to were it was during the spin-off, while SMTA is currently trading below. - 777i - 2019-04-16 21:03:16 PDT

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Hi Spareideas, you may want to analyze SMTA more before buying into a 19% dividend yield. I haven't done my research on SMTA but something for you to look at is the companies ability to sustain that level of payout. Is it generating sufficient earnings to cover that, and by how much? Or is it worth for the company to sustain that dividend level if its stock price is trading so low? SMTA stock price is trading at 40% below its 52 week high, there must be a reason for that. So I recommend further investigation into this REIT. Also if this stock price trend continues you may not be able to recover your initial investment even when you account for the dividend received. What you refer to as the stock going up, is not an upward trend, in my opinion, it is just doing slightly better than a couple of days ago. Anyways these are just some question which you should think about before you jump on a high-yield dividend stock like this. Best wishes! - wolfman82 - 2019-04-15 23:31:30 PDT

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Did any one else buy a lot of shares of RAS when it was cheap??? I thought they would turn around... I lost a lot of money! I bought their share when it was on the high! - usuallyconfused - 2019-04-15 22:11:33 PDT

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oh! that sucks bro! I had a similar fate with CBL, buying them when they were above $6, but I still believe they will make a comeback! - Spareideas - 2019-04-15 22:15:40 PDT

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When RAS share price was low, and the dividend was high it looked attractive, especially for a turnaround opportunity. But sounds like it was a dividend trap. - wolfman82 - 2019-04-15 22:37:23 PDT



I feel like the market is heated up on the good REITs and it's time for me to sit on the sidelines for a while. Does anyone else feel the same way? - braverduringtheday - 2019-04-15 18:55:30 PDT

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There are still good opportunities, you just have to know where to look. I have a list of REITs to watch which even though the prices are higher than they were this time last year, I can still get them at good prices when the stock price is trending downward due to market cycles. - Kev B - 2019-04-15 21:56:04 PDT

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Yes Kev B this week the prices are improving somewhat, but still not enough to compel me to buy. I would rather buy a couple of times during the year and get massively attractive deals, vs continuously buying but only getting moderate good deals. - braverduringtheday - 2019-04-17 19:12:35 PDT



With Bed Bath and Beyond announcing its closing 40 stores which REITs will be the most impacted? Any REIT overexposed to BBBY? Thx! - Omick99 - 2019-04-15 18:51:36 PDT

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Kimco Realty's fourth quarter 2018 investor report stated that Bed Bath & Beyond represents 1.5% of its tenant portfolio (Data as of 12/31/2018, Percentages noted reflect pro-rata annual base rent (ABR). That is not to say the closing stores are rented from them. It is cool to note that some of Kimco's top tenants are TJX (3.7%), Home Depot (2.6%), Petsmart (1.9%), Ross (1.7), Wholefoods & Walmart (1.6%), those are not all but worth further looking into the report: https:investors.kimcorealty.com/Cache/1500118628.PDF?O=PDF&T=&Y=&D=&FID=1500118628&iid=102965 - Kev B - 2019-04-18 22:16:20 PDT

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One REIT which I like but has some exposure to BBBY is Ramco, although BBBY only represents 2.8% of its annualized base rent (according to Ramco's Q4 2018 report). I also don't know if any of the 40 BBBY stores closing are renting from Ramco's portfolio. I don't know which other REITs may be exposed, but I have not yet checked further. - Kev B - 2019-04-15 22:04:06 PDT

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Between STAG and Prologis which is a better pick? - Sem_Sem - 2019-04-15 18:39:47 PDT

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I vote Prologis! But they are also more expensive! - usuallyconfused - 2019-04-15 21:58:09 PDT

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PLD is huge, how much longer will they can continue to sustain this growth is to be seen. - Omick99 - 2019-04-19 08:50:16 PDT

I agree @usuallyconfused, I also vote #PLD. - CapitalKing - 2019-04-16 23:05:28 PDT

Both PLD and STAG have been growing very well YoY. STAG has been growing faster than PLD, but then again it has 1/10 PLD's Asset value and Revenues. I like both REITs as I believe they are well managed. I wish I had gotten in earlier on STAG, as I waited too long to start a position. - wolfman82 - 2019-04-15 23:06:46 PDT



Hi RNC, is it time to buy Vereit? - HereForFriends - 2019-04-15 17:54:39 PDT

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I have been getting Vereit inc. shares at the 6 to 8 dollar range for a while, I think the current price is still a buy. - LLNN - 2019-04-15 23:44:33 PDT

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Now might be a good time to buy shares in solid REITs, seeing as the stock market is down due to lower than expected results from the big banks. The question as always is which are the right REITs to buy now. Any thoughts? - MakeMoneyGrow - 2019-04-15 16:14:03 PDT

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i agree, i will probably buy some of One Liberty Properties (OLP)... the price has dropped a lot the last days but i believe it has a lot of potential. it has a reit rating of 9.0! - alexanderTgreat - 2019-04-15 17:25:11 PDT

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Does anyone have any thoughts on what the next hot sector will be? I am betting a lot on the tech industry and buying REITs related to this industry, but I wonder how long it will last and if it's just a bubble waiting to happen... any ideas? - MakeMoneyGrow - 2019-04-15 00:13:00 PDT

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Some of the growing tech-related areas in REITs are infrastructure/communication (e.g. towers, fiber, small cells), and data storage. I don't think these industries are bubbles as they offer real services and there is demand for their services. But stock prices, in general, are high so it is essential to use caution. - SmartGuyMe - 2019-04-15 08:00:43 PDT

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Ok thanks @SmartGuyMe, I will continue to monitor them. - MakeMoneyGrow - 2019-04-15 13:48:24 PDT



Does Realty Income (O) and National Retail Properties (NNN) face the same retail apocalypse risks as CBL (CBL) and other Retail/mall REITs? - Mrinvesta - 2019-04-14 20:44:45 PDT

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I don't think so, the retail apocalypse has a lot to do with malls and big box stores going out of business because they can no longer compete with the convenience, selection, and prices offered by other retail channels (i.e. online) and other more efficient competitors. Additionally NNN and O's properties are better diversified into sectors like grocery stores, child care, automotive, drug stores, education, entertainment, and many more. Many of these sectors are not part of the existing retail crisis or are feeling it as strongly. - Rubyckube - 2019-04-15 00:15:11 PDT

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O has been trending down for the last trading week or so. The challenge with O is knowing when it hit the DW trend bottom and will head up, as overall its long-term direction is up. So I'm tempted to get some additional share if it drops a bit more. - LLNN - 2019-04-15 23:56:46 PDT

I couldn't have said it better myself @Rubyckube! - MakeMoneyGrow - 2019-04-15 00:17:44 PDT



What is a good safe dividend yield and payout level? Are REITs which pay lower dividend yields better in the long run? - REITFocused - 2019-04-14 19:30:22 PDT

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Not necessarily. It is not that some reits pay low dividend values, the reit might actually pay rather large value per share eg ESS pays $1.860 per share per quarter, but with a stock price in the range of $280 that is ~2.8% dividend payout rate per year. The stock price for ESS may be high because people are confident of the company, and believe the stock price or dividend will increase. Inversely you can have a reit that pays a low dividend value and also has a low stock price, the payout rate is still low, but there future prospects are not positive. - Oppa Norm - 2019-04-19 22:46:08 PDT

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Anything above 9% and I start to question its viability! - Momoney - 2019-04-14 23:23:16 PDT

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For me it's about the quality of the REIT rather than how hight/low its dividend yield is at one specific point in time. A good quality REIT's dividend yield may vary 1-3% or more, depending on the market cycles. Especially when the market is very bearish. - Atopp - 2019-04-15 19:33:44 PDT



Which REITs do you think are still undervalued by the market and present good buying opportunities? - REITFocused - 2019-04-14 18:01:46 PDT

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I think VER is undervalued, with a massive portfolio of 4K properties, I believe investors are still avoiding this REIT because of herd mentality. The legal issue the company faces may be over factored into the stock price. But I have to admit that I have been timid in how many shares I hold of VER in my portfolio. - thisway - 2019-04-18 22:00:21 PDT

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Hi REITFocused, some of the REITs I think are undervalued are National Health Investors (NHI), Vornado Realty Trust (VNO) and Mid-American Apartment Communities (MAA). All these are trading a lower Price to FFO ratio to their counterparts. - Momoney - 2019-04-14 23:17:00 PDT

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Just look at the P/FFO of the REIT and compare it to other similar reits as a starting point to identify potential upside opportunities. - Kev B - 2019-04-15 22:09:07 PDT