Intelligent REIT Investor (eBook)

How to Build Wealth with Real Estate Investment Trusts

Stephanie Krewson-Kelly, R. Brad Thomas (Autoren)

eBook Download: PDF

2016 | 1. Auflage
240 Seiten
Wiley (Verlag)
978-1-119-25274-0 (ISBN)

Infos

The go-to guide for smart REIT investing The Intelligent REIT Investor is the definitive guide to real estate investment trusts, providing a clear, concise resource for individual investors, financial planners, and analysts anyone who prioritizes dividend income and risk management as major components to wealth-building. The REIT industry experienced a watershed event when Standard & Poors created a new Global Industry Classification Standard (GICS) sector called Real Estate. Publicly traded equity REITs have been removed from Financials, where they have been classified since their creation in 1960, and have begun trading as their own S&P Sector. This separation from banks and financial institutions has attracted new investors, but REITs require an industry-specific knowledge that is neither intuitive nor readily accessible to newcomers until now. Using straightforward language and simple example to illustrate important concepts, this book will enable any reader to quickly learn and understand the lexicon and valuation techniques used in REIT investing, providing a wealth of practical resources that streamline the learning process. The discussion explains terminology, metrics, and other key points, while examples illustrate the calculations used to evaluate opportunities. A comprehensive list of publicly-traded REITs provides key reference, giving you access to an important resource most investors and stockbrokers lack. REITs are companies that own or finance commercial rental properties, such as malls and apartment buildings. Despite historically high total returns relative to other investments, such as the Nasdaq or S&P 500 index, most investors are unfamiliar with the REIT industry, and wary of investing without adequate background. This book gets you up to speed on the essentials of REIT investing so you can make more informed and profitable decisions. Understand REITs processes, mechanisms, and industry Calculate key metrics to identify suitable companies Access historical performance tables and industry-specific terminology Identify publicly-traded REITs quickly and easily REITs have consistently outperformed many more widely known investments. Over the past 15-year period, for example, REITs returned an average of 11% per year, better than all other asset classes. Since 2009, REITs have enjoyed positive returns; large cap stocks and cash are the only other classes that paralleled that record. Even in 2015, a 'year of fear' related to rising rates, REITs returned 2.4%, beating most all other asset classes. REITs have a long history (over fifty years) of performance, and have entered the big leagues. If you feel like you've been missing out, don't keep missing out. Prepare yourself, and your portfolio, to benefit from the demand for REITs that have followed the creation of a Real Estate GICS sector. The Intelligent REIT Investor gives you the information you need to invest wisely and manage your real estate risk effectively. By maintaining a tactical exposure in the brick and mortar asset class, investors should benefit from the information contained in The Intelligent REIT Investor. Join the REIT world and look forward to owning stocks that will help you to sleep well at night.

Autor

Stephanie Krewson-Kelly analyzed REITs for top Wall Street firms from 1994 through 2009 and, today, heads the Investor Relations department for a publicly traded REIT. Her prior publications include REIT Roadmap: An Insider's Guide to Successful Investing in Real Estate Investment Trusts (2nd edition, 2012). R. Brad Thomas is an acknowledged expert in commercial real estate investing and REITs. He is editor of the Forbes Real Estate Investor newsletter and writes for Forbes and Seeking Alpha.

Inhalt

Foreword by Martin Cohen

Preface

About the Authors

Part I: An Introduction to REITs

Chapter 1 What Is a REIT?

Size of the REIT Industry

Categories of REITs

Where to Find Information on REITs

Exchange-Traded Funds for Investing in REITs

Chapter 2 Why Invest in REITs?

Double-Digit Total Returns

Dividends

Liquidity

Portfolio Diversification

Hedge against Inflation

Transparent Corporate Structures

Chapter 3 REIT Dividends

REIT Yields

Are REIT Yields Safe?

Quantifying Dividend Safety

REIT Dividends and Taxation

Rockland REIT

Conclusion

Chapter 4 Leases

Lease Terminology

The Four Major Types of Leases

Leases & Tenant Bankruptcy

Chapter 5 REITs By Property Type

Diversified REITs

Triple-Net REITs

Health Care REITs

Industrial REITs

Lodging / Resort REITs

Mortgage REITs

Office REITs

Residential REITs

Retail REITs

Self-Storage Property Market

Part II: Investing in REITs

Chapter 6 Getting Technical

REIT Structures

UPREITs

OP Units

DownREITs

Publicly Traded, Non-Traded, and Private REITs

Externally Advised and Externally Managed REITs

Qualifying as a REIT

Chapter 7 REIT Performance

Historical Total Returns

Factors Influencing Demand for REIT Shares

REITs versus the Attractiveness of Other Investments (Lessons from History)

Company Attributes that Affect Performance

Weighted Average Cost of Capital and REIT Performance

REIT Performance in a Rising Interest Rate Environment

Conclusion

Chapter 8 Analyzing REITs

Operating Metrics

Profitability Metrics

Balance Sheet Metrics and Analysis

Valuation Metrics

Conclusion

Appendix A REITs Listed Alphabetically by Company Name

Appendix B REITs Listed Alphabetically by Ticker Symbol

Appendix C REITs by Sector

Index

Produkt-Details

• Erscheint lt. Verlag: 10.8.2016
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Immobilienwirtschaft
• Schlagworte: Finance & Investments • Finanz- u. Anlagewesen • Finanzwesen • Immobilienanlage • Investments & Securities • Kapitalanlage • Kapitalanlagen u. Wertpapiere • Real-Estate-Investment-Trust (REIT) • Real-Estate-Investment-Trust (REIT) • Reit
• ISBN-10: 1-119-25274-1 / 1119252741
• ISBN-13: 978-1-119-25274-0 / 9781119252740