RE:The Rules Don't ChangeI reiterate what I said ealier, depsite the strong performance, which I had fully expected, this stock is NOT going to the moon any time soon. It also has a dividend yield that is on the low side, so even yield is not the best arguement for holding REITs right now, let alone this one. It continues to trade at half of NAV, as it has for a very long time. Stripping out PMZs assts has NOT improved share perfomance, and the large amount of dollars spent of buybacks hasn't moved the needle either. Give me my money as a dividend, pay me 8 to 9% and I can tolerate the very slow climb in SP. Otherwise, I am staying out.
DeanEdmonton wrote: It does zero good to whine and cry, it will not change the imutable fact that REITS have never done well in high or rising interest rate environments. NAV has NOTING to do with the share price of REITs, never hasnever will, it is just a correlated indicator. Dividend strea, market direction and interest rates determines what REITs sell for. The economic reasons are clear and easy to read for why we are here right now. I sold almost all of my REITS when interest rates started going up. If you didn't, then you are going to need to sit on them for quite a while before they are going to get back to their recent highs, let alone historic highs. You have to decide if you are going to sell and re-invest in something else, or ride it out and collect the dividends, but constantly whinging about it gets really tired. Time to put the big boy pants on and decide if you are a long term holder or not.