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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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
National Health Realty Drops Out 
We have flagged National Health Realty in the REIT Media Directory as no longer publicly traded. According to their website, the Murfreesboro, Tennessee based health care REIT was merged with a wholly-owned subsidiary of National HealthCare Corporation (“NHC”). National HealthCare Corporation is a publicly traded non-REIT, and not included in our database.
Interestingly, both National Health Realty and National HealthCare Corporation have the same address. In addition the publicy traded heath care REIT, National Health Investors, is also listed at 100 Vine Street, Murfreesboro, TN 37130. There's much real estate related health care going on at that address.
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Comments (0) Mar.11.2008. 21:49
Added Dupont Fabros Technology, Inc. to Our REIT Directory
We just added DuPont Fabros Technology to the REIT Media REIT Directory. As a result of this addition, we now index 129 publicly traded REITs.
DuPont owns and manages datacenters and is similiar in strategy to Digital Realty Trust. DuPont Fabros Technology, Inc began trading on the New York Stock Exchange in mid-October 2007 according to a news brief in the March/April 2008 issue of Real EstatePortfolio. The stock debuted at $21 per share and is now trading near $16.50.
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Comments (0) Mar.10.2008. 22:29
Thornburg The REIT's "Bad News Bears"
The bad news continues to pile up for Thornburg. As a purveyor of high quality jumbo mortgages, the company and the stock are more like the cinematic youth baseball team, The Bad News Bears.
The bad news started during the sub-prime meltdown when TMA suspended their dividend back in October of 2007. Then the recent bad news reported by Forbes states, "[Thornburg] does not have enough cash to cover current margin calls and it will restate past financial results to account for a decline in the value of its mortgage securities."
However, I can't find an analyst or journalist willing to declare a "time of death" for Thornburg. That leaves me once again comparing this company to The Bad News Bears as they could still win a championship game, and be back in favor on Wall Street.
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Comments (0) Mar.09.2008. 16:28
Here's a Good Article on Leverage and Indirect Real Estate via REITs
Seeking Alpha recently published this wonderful article about real estate leverage. The last section of the article offers up REITs as an alternative to direct real estate investing.
Real Estate and Leverage: Finding the Right Balance
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Comments (0) Jan.09.2008. 11:15
Don't Pull Apartment REIT Chute in Case of Recession
Late last month, MarketWatch published an article as a result of UBS downgrading several apartment REITs (read the article). I was initially surprised by the headline because apartment REITs at-first-glance seem to be a recession parachute. In other words, as people hit hard-times I would assume they may be forced financially to return to apartment life. However, the UBS analyst (who make much more than me) noted the ever increasing supply of rental properties both as single-family homes and condo-conversions will put pressure on the apartment landlords.
The UBS report has proved prophetic. The stock prices in this sector have suffered. Not included on the UBS report, but specifically Mid-America Apartment Communities has dropped 10% since August 31, 2007 and decreased 14.5% since 10/31/2007.
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Comments (0) Dec.27.2007. 07:44
