Investing in REITs Real Estate Investment Trusts

ISBN-10: 1118004450
ISBN-13: 9781118004456
Edition: 4th 2011
Authors: Ralph L. Block
Buy it from $33.98
30 day, 100% satisfaction guarantee

If an item you ordered from TextbookRush does not meet your expectations due to an error on our part, simply fill out a return request and then return it by mail within 30 days of ordering it for a full refund of item cost.

Learn more about our returns policy

Description: The consistency of REITs' earnings and their high dividend yields, together with the low correlation of REIT stock prices with prices of other asset classes, make real estate investment trusts a unique opportunity for investors. Drawing on more than  More...

New Starting from $33.98
what's this?
Rush Rewards U
Members Receive:
coins
coins
You have reached 400 XP and carrot coins. That is the daily max!
You could win $10,000

Get an entry for every item you buy, rent, or sell.

Study Briefs

Limited time offer: Get the first one free! (?)

All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.

Add to cart
Study Briefs
Italian Grammar Online content $4.95 $1.99
Add to cart
Study Briefs
Portuguese Grammar Online content $4.95 $1.99
Add to cart
Study Briefs
Spanish Grammar Online content $4.95 $1.99
Add to cart
Study Briefs
German Grammar Online content $4.95 $1.99

Customers also bought

Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading

Book details

Edition: 4th
Copyright year: 2011
Publisher: John Wiley & Sons, Limited
Publication date: 10/14/2011
Binding: Hardcover
Pages: 448
Size: 6.25" wide x 9.50" long x 1.50" tall
Weight: 1.606
Language: English

The consistency of REITs' earnings and their high dividend yields, together with the low correlation of REIT stock prices with prices of other asset classes, make real estate investment trusts a unique opportunity for investors. Drawing on more than thirty years of successful investing experience with REITs, Ralph L. Block has created the ultimate REIT guide. This fully updated fourth edition explains the ins and outs of this attractive asset class for investors, as well as financial planners and investment advisers, to find what they need to know. The new edition covers the changes in the real estate market and how the volatility of commercial real estate prices can affect REITs. This new edition offers the following: How to spot blue-chip REITs and control investment risk How REITs compare with other investments How to build a diversified REIT portfolio, directly or with REIT mutual funds Understanding the risk-and-reward dynamics of commercial real estate How to invest in non-US REITs Important new developments and strategies in the REIT industry

Introduction
Acknowledgments
Meet the REIT
REITs: What They Are and How They Work
Types of REITs
General Investment Characteristics
Higher Current Returns
Summary
REITs versus Competitive Investments
Bonds
Convertible Bonds
Preferred Stocks
Other High-Yielding Equities
Other Real Estate Investment Vehicles
Summary
Today's REITs
The First REIT
The Tax Reform Act of 1986
UPREITs and DownREITs
REIT Modernization Act and RIDEA
Lending REITs versus Ownership REITs
Expansion of REIT Property Sector Offerings
Summary
Property Sectors and Their Cycles
Ups and Downs
Property Sectors
Summary
History and Mythology
REITs: Mysteries and Myths
Changing Attitudes toward REITs
Myths about REITs
Summary
A History of REITs and REIT Performance
The 1960s: Infancy
The 1970s: Adolescence and Turbulence
The 1980s: Overbuilding-The Troll Under the Bridge
The 1990s: The Modern REIT Era-Plus More Growing Pains
2000 to 2007: Credibility and Market Acceptance
2007 through 2010: REITs Survive the Great Recession
Recent Trends
Summary
Investing Intelligently in REITs
REITs: Growth and Value Creation
The Significance of FFO and AFFO
The Dynamics of FFO/AFFO Growth
Internal Growth
How to Build Internal Growth into a Lease
Other Ways to Generate Internal Growth and to Create Shareholder Value
External Growth
More External Growth Avenues
Summary
Searching for Blue Chips
Investment Styles
Growth REITs
Value or "Turnaround" REITs
Bond-Proxy REITs
The Virtues of Blue-Chip REITs
The Importance of Allocating Capital Wisely
Summary
The Quest for Investment Value
The Investor's Dilemma: Buy-and-Hold versus Trading
The Buy-and-Hold Strategy
REIT Stock Valuation
Valuing REITs as a Group
Summary
Building a REIT Portfolio
How Much of a Good Thing Do You Want?
Diversification among REITs
Toward a Well-Balanced Portfolio
How to Get Started
Summary
Investing in Global REITs and Property Companies
How the U.S. REIT Revolution Spread around the Globe
Mapping the Size of Global Property Stock Markets
Managing a Global Real Estate Securities Portfolio
The Practicalities of Investing Overseas for the Individual Investor
A Summary: Stocks for All Investment Seasons
The Long-Term Evidence Supporting Investments in Global Real Estate Securities
Risks and Future Prospects
What Can Go Wrong?
Issues Affecting All REITs
Problems Affecting Individual REITs
Summary
Tea Leaves: Some Thoughts about the Future
Additional Real Estate Owners Will "REITize"
Increasing Investor Demand for REITs
Larger REITs: Is Bigger Really Better?
Additional New Trends
So Much More to Come
Summary
Death and Taxes
Case Study: FFO, AFFO, FAD, and CAD
Cost of Equity Capital
REIT Portfolio Management
Largest Global Real Estate Companies as of December 2010
Glossary
About the Author
About the Contributors
Index

×
Free shipping on orders over $35*

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

Learn more about the TextbookRush Marketplace.

×