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PETDX is definitely an aggressive choice. KIFAX, RREIX and FRIFX are balanced real estate funds, which I like. The Baron Real Estate fund would be another aggressive, and somewhat outside-the-box (as to what it considers "real estate") fund.
I like real estate, but I primarily have specific investments, such as WP Carey (WPC), which I consider a long-term holding. O (Reality Income) I don't own, but that's an interesting name - O is a net lease REIT w/monthly divs.
VGSIX is a larger holder of these two high dividend payers...I came across an interesting article as to the correct methods to use when elvaluating REITS.
Reply to @bee: I think for me it's a number of things - FFO is an aspect, but I find particular themes compelling or find interest in a particular business/niche. I particularly like the triple-net REITs, but WPC is the one that I have as a long-term holding due to its diversification, mild overseas exposure and income from asset management. O (Reality Income) is the other major triple-net company; both have been around for decades (although not all as public companies.)
I also own Canadian Apartment Properties REIT, which pays a nice monthly dividend given the Canadian property market I think rental demand will continue. WPC and Canadian Apartment REIT are really long-term holdings.
I have considered Reality Income and Vornado, but I really don't see buying anything new at all for the remainder of the year.
I'd recommend a fund for most people, but personally, I've gone primarily with individual because I like specific things and am not particularly fond of certain REIT sectors (retail, aside from maybe SKT, although I don't own that.)
Comments
PETDX...Its strategy is a bit esoteric (its uses derivaitives) compared to say an index REIT like Vanguards VGSIX or VNQ. I own both.
Here's a good review of PETDX:
fundmojo - PETDX
I like real estate, but I primarily have specific investments, such as WP Carey (WPC), which I consider a long-term holding. O (Reality Income) I don't own, but that's an interesting name - O is a net lease REIT w/monthly divs.
Thanks Scott,
VGSIX is a larger holder of these two high dividend payers...I came across an interesting article as to the correct methods to use when elvaluating REITS.
what-are-all-the-financial-ratios-to-evaluate-an-reit?
Using FFO (Funds From Operations) as a measure:
FFO as a REIT Tool
What do you use as criteria to evaluate individual REIT choices you buy and hold?
http://en.wikipedia.org/wiki/Net_lease#Triple_net_lease
WPC Presentation:
http://ir.wpcarey.com/Cache/1001174372.PDF?Y=&O=PDF&D=&fid=1001174372&T=&iid=4054624
I also own Canadian Apartment Properties REIT, which pays a nice monthly dividend given the Canadian property market I think rental demand will continue. WPC and Canadian Apartment REIT are really long-term holdings.
I have considered Reality Income and Vornado, but I really don't see buying anything new at all for the remainder of the year.
I'd recommend a fund for most people, but personally, I've gone primarily with individual because I like specific things and am not particularly fond of certain REIT sectors (retail, aside from maybe SKT, although I don't own that.)