REITS

[notmaurice]

Several years ago i purchased shares in NYMT,AGNC,ARR and NLY.
i have since sold ARR and NLY,
I am amazed at the hate directed to AGNC by Barrons and Motley Fool.They rubbish it every chance they get.As for myself i will keep holding.

[KW]

The AREITs have stonked on the whiff of interest rate cuts, no doubt the US ones have too.  I was greedy and loaded up over the last couple of weeks, locking in 7-8% dividend yields, and a big share price rerating as cap values normalise to lower rate levels.  

[KW]

Many of the REITs are trading at substantial discounts to their book values.  GOZ for example, is trading on a price to book of 0.6.  While they are all booking statutory losses as the property values are reduced (GOZ -4.7%) there is still probably a large gap to close.  Or the commercial property market is seriously going to tank - place your bets accordingly lol

But the big discount to book value might make for some interesting M&A activity over the next while.

[BlackPeter]

Many of the REITs are trading at substantial discounts to their book values.  GOZ for example, is trading on a price to book of 0.6.  While they are all booking statutory losses as the property values are reduced (GOZ -4.7%) there is still probably a large gap to close.  Or the commercial property market is seriously going to tank - place your bets accordingly lol

But the big discount to book value might make for some interesting M&A activity over the next while.

Quite similar to the REITS closer to home - pick your favourite retirement village (RYM, OCA, ARV - or (shudder) - SUM - yes, they are REITS as well) or the real thing like ARG, KPG, ...).

While I don't expect any of them to rocket, I expect them to move in inverse correlation with the interest rates ... for most of them combining the pleasant (capital gains) with the useful (dividends);

Discl: holding most of them;