Yesterday I posted a link to an interesting free business book, Deal of the Day. In keeping with this free stuff for everyone theme today I am going to share a link to a free magazine on investing. As someone who is always interested in stocks that have attractive dividends or distributions I always keep my eye on REITs. A couple of days ago TMFWysocki shared a link to a free magazine on the subject...the appropriately named:
I haven't had a chance to read it yet, but it looks really interesting, in a nerdy investing sort of way. The cover story is an article about American Tower's (AMT) conversion into a REIT. That one totally slipped under my radar during the holidays I guess. What a nice ride AMT has been for investors. Too bad it is going to have a yield of one percent and change. No thanks. It's way to expensive for me at this point, but it is an interesting story nonetheless.
The latest issue also contains a profile on a grocery-anchored strip mall REIT, much like Motley Fool and my own beloved's ROIC, called Regency Centers Corp (REG), a story about how a wave of bank debt that is coming due over the next several years could potentially benefit REITs and something on mortgage REITs (which I personally stay away from).
Is it lame that I'm getting excited about reading these stories? Man this stuff is fascinating. I'll have to download the issue onto my iPad to read later tonight.
While I'm on the subject of REITs, I found it interesting that the Empire State Building is scheduled to go public in an IPO in the near future. The new REIT will be called Empire State Realty Trust (ESB). I haven't seen any specific details about this one yet. I suspect that the property is so high-profile that a good deal will not be available on it at the time of the offering, but I plan to keep an eye on it anyhow. Plus, it gave me an opportunity to post the following awesome picture:
Empire State Bldg. going public in $1B IPO
Have a great day everyone!