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 third edition, fully updated, explains the ins and outs of this attractive asset class in an uncomplicated style that makes it easy for novice and professional investors, as well as financial planners and investment advisers, to find what they need to know.
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
- Important new developments and strategies in the REIT industry
|Series:||Bloomberg Series , #17|
|Edition description:||Revised edition|
|Product dimensions:||6.60(w) x 9.60(h) x 1.05(d)|
Table of Contents
PART I: Meet the REIT.
Chapter 1: REITs: What They Are and How They Work.
An essential framework for investors.
Chapter 2: REITs versus Competitive Investments.
How they stack up against common stock, bonds, and utilities.
Chapter 3: Today’s REITs.
A revolution in real estate investing.
Chapter 4: Property Sectors and Their Cycles.
From apartments to malls, office buildings to prisons.
PART II: History and Mythology.
Chapter 5: REITs: Mysteries and Myths.
Setting the record straight.
Chapter 6: A History of REITs and REIT Performance.
From the trials of the 1960s to the rebirth of the 1990s and beyond.
PART III: Choosing REITs and Watching Them Grow.
Chapter 7: REITs: How They Grow.
Growing cash flows and dividends.
Chapter 8: Spotting the Blue Chips.
Types of REITs and investment styles.
Chapter 9: The Quest for Investment Value.
Methods to value REIT stocks.
Chapter 10: Building a REIT Portfolio.
Choosing the right mix of REIT investments.
PART IV: Risks and Future Prospects.
Chapter 11: What Can Go Wrong.
It pays to know the pitfalls.
Chapter 12: Tea Leaves: Where Will REITs Go from Here?
New opportunities for today’s investors.
Most Helpful Customer Reviews
More and more financial advisers suggest investing in REITs. But are they another real-estate investment fad, like the 'real estate limited partnerships' of the 1980s? Not at all, says Ralph L. Block, an experienced REIT portfolio manager and former securities attorney. In this clear, sensible book, Block provides an engaging overview of REITs and the underlying real-estate market in which they invest. Block's self-deprecating, casual style is refreshing, and the book assumes little background knowledge of finance, economics or real estate (though it does bog down occasionally in accounting minutiae). In addition to learning about REITs, you'll also get a painless refresher on investment basics at no extra cost. We recommend this book to prudent, buy-and-hold investors who want to know if REITs are right for them.
Helped a lot with terminology. Provides an excellent bast for understanding