Free Thinker
Registered: Nov 1999
Posts: 14316 |
04-15-03 04:10 AM
Quote from bcavender:
I've seen a lot of Closed End Funds that trade consistantly at discounts, but in the first two years I traded...quite a few REITs went 10%-15% to the premium side. The opportunities are pretty frequent, but it is difficult to gather all the financial info without a service like Realty Stock Review. The fact that a REIT is a "Trust" really is a indicator of tax status rather than a structure. I read in a mag once where this "financial advisor" declared "...and real estate trusts trade almost like stocks!" .... well DUH....they ARE individual stocks....except they pay no tax at the corp level as long as they pay out 90% of their taxable income. (No double taxation....before no double tax was cool)
I'm not pushing RSR, even though the data is convenient and pretty high quality. As soon as I could find an alternate NAV source (only), I would move there. Customer service is less than optimal....raise price....take away info delivered...turn around and offer that same info for more than the whole sub price. Ugly...
Anyway here are the 99 Reits I follow. 20% Large70% Medium 10% Small Cap
Good Luck!
Bruce
great info. thanks for sharing. vhehn
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