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TMFDeej (99.47)

Another Freebie

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February 14, 2012 – Comments (3) | RELATED TICKERS: AMT , ROIC , REG

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:

REIT Magazine

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!

Deej

3 Comments – Post Your Own

#1) On February 14, 2012 at 1:45 PM, chk999 (99.98) wrote:

Nice find on the REIT magazine! 

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#2) On February 14, 2012 at 2:11 PM, SkepticalOx (99.42) wrote:

Deej, just keep this stuff coming. Every dollar saved from these things is a dollar we can use to invest elsewhere!

I wouldn't mind if this becomes a regular blog column of yours! 

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#3) On February 15, 2012 at 12:46 PM, TMFDeej (99.47) wrote:

I'm glad that you enjoyed it chk and Ox.  I finally had a chance to read the issue while waiting for my annual checkup at the doctor's office this morning.

I made it through the article about Regency Centers and the one about how maturing bank debt may leat to an opportunity for certain REITs in the coming years.

Both were good articles.  The first gave me even more confidence in my investment in ROIC.  I was a little disappointed by the second just because the conclusion was basically that the least leveraged REITs are poised to benefit from this trend...of course most REITs with low leverage also already trade at the highest multiples in their industry.  Perhaps this means that they aren't as expensive as they appear at first glance, but still there isn't a killer opportunity that jumps out at me here.

Deej

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