Detailed market commentary at The Market Ticker and Ticker Classics
(The Year 2012 In Review)
Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here.
BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)
RSS available You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||Commercial R/E: Tick.... tick.... BOOM!; entered at 2009-07-22 19:05:19|
Registered: 2007-08-03 West Virginia
How are the REIT's still levitating?
Because they are a surprisingly diverse group of businesses. They ain't all malls.
Of the top 10 components of IYR, you have 1 leveraged owner of MBS, 1 owner of apartment buildings, 1 timber company, 2 health care real estate comapanies, 1 self-storage comapany, 1 hotel owner, and 3 traditional "commercial" real estate REITS (some retail, some office space). The REIT index isn't as exposed to CRE problems as we might like.
NLY: he company invests primarily in mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures, and other mortgage-backed securities
BXP: the ownership and development of office properties. Its properties are located in Boston, Massachusetts; Washington, D.C.; midtown Manhattan, New York; San Francisco, California; and Princeton, New Jersey
EQR: the acquisition, development, and management of multifamily properties in the United States.
HCP: invests in health care-related properties and provides mortgage financing on health care facilities.
HST: engages in the ownership and operation of hotel properties.
PCL: owns and manages timberlands in the United States.
PSA: engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe.
SPG: engages in the ownership, development, and management of retail real estate properties.
VTR: owns, and leases healthcare related and senior housing facilities.
VNO: owned 111 office properties aggregating approximately 30.7 million square feet in the New York City metropolitan area, as well as in the Washington D.C. and Northern Virginia area; 111 retail properties in 9 states and Puerto Rico aggregating approximately 16.2 million square feet; and 10 properties in 6 states approximately 9.5 million square feet of showroom and office space.