Another REIT Becomes Breakfast
Fresh off the news wires, American Financial Realty is being eaten for breakfast by Gramercy Capital Corp. This is a rather intricate REIT affair. Not only is it another case of REIT eat REIT, but the acquirer, Gramercy, is basically owned by another REIT, SL Green.
I've enjoyed learning more about American Financial Realty. I think they had a good idea; investing in financial properties. They just couldn't get out from under their debt load.
This marks a business shift for Gramercy as they leave their financial focus and become a diversified REIT.
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Nov.05.2007. 09:55
Out of Office Alert
Sorry for the lack of REIT Media updates. I took a little time off. We are still looking at ways to automate certain parts of this production, but for the most part it's manual. Please keep the positive feedback coming!Share It: Bookmark It:
Comments (0) Nov.03.2007. 14:44
TMA Omits Divy (Not Good)
I really thought that Thornburg Mortgage with their jumbo loan product would be immune to the sub-prime meltdown, but they are not. Not only is Marketwatch reporting a huge loss of $8.83 per share, but they've also canceled their dividend. Ouch!
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Comments (2) Oct.17.2007. 11:00
Everybody Likes a REIT with a Free Prize Inside
What's really great about income-producing stocks like REITs are the special dividends that sometimes pop up on the radar screen. For example, today, NHR, a Health Care REIT, announced a special 14 cent per share dividend.
These special dividends are juicy. It's like the ever-more rare Christmas bonus. It seems that REITs have this special way of reminding us why we first fell in love with them. Oh yeah, it's not really special, more simply, we love REITs because as shareholders, we really do "share" in the success.
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Comments (0) Oct.16.2007. 17:48
REIT Cafe Adds Volatility Index
The popular REIT website, REIT Cafe, recently added a volatility index. The index is intended to measure the "relative level of volatility in US REIT shares," according to the published explanation on reitcafe.com.
As a non-technical investor, my initial reaction is a long "yaaawn," but I'm sure many in the REIT industry will find this tool helpful and I cheer Anatole Pevnev's market insight and commentary.
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Comments (1) Oct.09.2007. 11:14
111th Quarterly Divy
Last week, a rather boring mid-cap company called EastGroup did a pretty amazing thing in the financial world. They announced their 111th quarterly dividend. You do the math real quick, 111 divided by 4, and that's 27 years of dividend checks to the shareholders of EastGroup.
So much of today's investment market is about flashy stocks and big mergers. I find it comforting to read about a company that understands the power of the dividend and by such understanding they respect the role of the shareholder.
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Comments (0) Sep.08.2007. 18:14
REITMedia.com First Month Traffic Takes Off
We could not be more pleased with our first full month of traffic. At the beginning of July we had a single digit visitor metric. However, by the end of the month, our visitor count had picked just north of 80 visitors per day.
We feel that the dramatic increase in traffic is a direct result of the REITMedia.com content, and the excellent search engine optimization provided by our content managment system.
When searching, the vast majority of our visitors used Google. In addition, we noticed a huge demand for our REIT Directory which offers some very innovative graphical representations of the REIT industry.
Visit the link below for the complete REITMedia.com traffic report for the month of July 2007.
Analytics_reitmedia.com_2007_07.pdf
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Comments (0) Aug.13.2007. 21:48