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A self-administered and self-managed real estate investment trust, engaged in the acquisition, ownership, management and redevelopment of apartment properties.
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optionhater (78.11) Submitted: 3/28/08 11:48 AM : Start Price: $35.41 AIV Score: 0.22
leveraged at 4/1 with a declining cashflow. Lots of income has come from sales of properties, which will be more difficult to execute due to tightening of lending requirements. As they are a REIT, they have to pay out most cashflow to maintain their tax status. This will put a hurt on their ability to weather the downturn.
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