interesting read on bloomberg

Interesting read on:

http://www.bloomberg.com/news/2011-10-07/u-s-reit-shares-cheap-as-stock-slump-creates-discount-buying.html

Gives a very positive view of the sector, pls read the whole thing but here are a few quotes.

"REITs traded at about a 12 percent discount to net asset value as of Oct. 5, the largest since early 2009, according to Jim Sullivan, a managing director at Green Street Advisors in Newport Beach, California. "

and then

" U.S. commercial property values were unchanged in September from the previous month, according to a Green Street index. While values are still 9 percent below their August 2007 peak, they’ve gained 48 from the bottom reached two years ago. REITs should do well even in a slow-growing economy because the companies own high-quality real estate in good locations, and a lack of new supply should help boost occupancy rates, Moore said. "

All this whilst our little de-risked nugget is trading at a 50% plus discount to assets.

Article Link

Cheers

mlc