Annaly Continues to Receive Positive Media Attention 
The May 5th 2008 issue of Fortune Magazine has an article called Where to Put Your Money Now. I was stoked to see that the author inclulded one REIT, but I'm always confused by the continued praise of Annaly Capital. The article labels Annaly as a value play. The article states, "One of the enduring traits of bear markets is that good stocks inevitably get thrown out with the bad. Two such stocks are Annaly and Microsoft."
Annaly buys mortgaged-backed securites issued by the two quasi-government companies Freddie Mac and Fannie Mae. The securities purchased by Annaly are suppose to be virtually risk free as Freddie and Fannie have an "endless" supply of cash from the US govenment which created both companies.
The problem for me is that Freddie and Fannie are not 100% owned by the US Government, and this entire enterprise relies on the continued goodwill of the US Congress.
I'm actually considering buying some Annaly as the dividend is over 11%, but I'm still cautious. I feel more confident in Freddie and Fannie now that Congress is controlled by Democrats that aren't afraid to spend a little money to help people out.
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May.14.2008. 07:11
Entrepreneur Hot 100's #1 is Not a REIT (Yet)
Self storage REITs seem to be a decent REIT class. I personally own a few shares in Sovran Self Storage. In Entrepreneur Magazine the number 1 company on their Hot 100 list was Simply Self Storage. Simply Self Storage is a fast gowing private company based in Orlando, FL. Likewise, the company is funded by Orlando based Tavistock Group.
I hope one day to buy shares in this fast growing company. Here is the Entrepreneur Magazine entry for Simply Self Storage.
http://www.entrepreneur.com/hot100/details/20081.html
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Comments (0) Apr.21.2008. 16:39
REITs May be Ready to Show You Some Money
The April 2008 edition of Money magazine commented that REITs down 24% may be ready to move up. The main reason being that REITs are cheap, and that historically REITs have traded at +4% of their net property value. According to Money, REITs are currently trading at -20% of their net property value. The magazine continues just a few more sentences by describing the difficulty in analyzing REITs because of their category mixes and local economic trends.
Good points Money magazine. That is why I like investing in REITs that are in a category I think I understand and geographically focused on the region of the country where I live. However, sometimes this approach is limiting. Be open-minded, and the REIT Media directory is designed to help you find REITs by industry and location.
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Comments (0) Mar.31.2008. 07:21
Over at Seeking Alpha they are Worried about Taubman Centers
The folks over at Seeking Alpha just posted a noteworthy blog about the future of Taubman Centers. The author concludes that the next few weeks will be important for this retail REIT and Taubman may be the first mall casualty of the current economic conditions.
Read the complete post at http://seekingalpha.com/article/70409-can-taubman-centers-survive
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Comments (0) Mar.30.2008. 15:08
Two REIT IPOs Off the Shelf
The Monday March 24, 2008 issue of the Wall Street Journal, reported that two REIT companies were shelving their stock offerings. In other words, they were issuing stock in phases not all at once. Those two companies are Med Properties Trust and Alexandria RE Equities. These two companies have shelf offering valued at $118 million and $220 million respectively.
It would seem to be a good sign that REITs can successfully go to the investment community in a recession-like economy.
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Comments (0) Mar.27.2008. 14:23
Penev and His REIT Volatility Index Make it on CNBC.com
Since Anatole Penev didn't mention this great piece of journalism over on his site, REIT Cafe, I thought I would mention it on REIT Media. As part of a March 6th article titled, "REITs Are Looking Up" on CNBC.com, Anatole is quoted, "If your investment horizon is five to ten years there's usually not a bad time [to invest in REITs]." This is the most simple and best historical truth about investing in REITs.
Here's the complete article. Congratulations Anatole and REIT Cafe for the CNBC.com exposure.
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Comments (0) Mar.26.2008. 16:28
REIT Media Surpasses 1,000 REIT Press Releases
As of yesterday, we have indexed over 1,000 press releases related to the REIT industry. This milestone is significant as we feel our site has reached critical mass. As a result, we are a much more legitimate source of REIT information.
Please let us know if you can think of ways we can better serve the REIT market.
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Comments (1) Mar.15.2008. 08:06
