Book description
The newFourth Editionof the definitive handbook on investing in Real Estate Investment Trusts (REITs)
Real Estate Investment Trusts (REITs), which provide some of the best total returns in the investment world, along with above-average dividend yields and stable earnings, have become increasingly popular with both individual and institutional investors. Investing in REITs, Fourth Edition has established itself as the definitive guide to understanding this attractive asset class. The book is invaluable for investors, financial planners, and investment advisers interested in understanding REITs and REIT investment opportunities.
As their earnings and dividends are beginning to grow again after the Great Recession—and as they are in a unique position to take advantage of distressed sale opportunities—now is an excellent time for investors to consider REITs for both diversification and strong total returns. The new edition covers:
A comprehensive history of the REIT industry
How REITs compare with other competitive investments
How to spot blue-chip REITs and control investment risk
How to value individual REIT stocks, and REIT shares generally
How to build a diversified REIT portfolio, directly or with REIT mutual funds
Understanding the risk-and-reward dynamics of commercial real estate
Assessing non-US REITs and how to invest in them
Important new developments and strategies in the REIT industry
Author Ralph L. Block, who has been investing in REIT stocks for 40 years and is widely considered a leading authority on REITs, brings the historical success of Investing in REITs right up to date. This book is an essential read for both individuals and institutions who desire to invest in commercial real estate through REIT stocks.
Table of contents
- Cover Page
- Title Page
- Copyright
- Dedication
- Contents
- Introduction
- Acknowledgments
- PART I: MEET THE REIT
- PART II: HISTORY AND MYTHOLOGY
-
PART III: INVESTING INTELLIGENTLY IN REITs
- CHAPTER 7: REITs: Growth and Value Creation
- CHAPTER 8: Searching for Blue Chips
- CHAPTER 9: The Quest for Investment Value
- CHAPTER 10: Building a REIT Portfolio
-
CHAPTER 11: 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
-
PART IV: RISKS AND FUTURE PROSPECTS
- CHAPTER 12: What Can Go Wrong?
- CHAPTER 13: Tea Leaves: Some Thoughts about the Future
- APPENDIX A: Death and Taxes
- APPENDIX B: Case Study: FFO, AFFO, FAD, and CAD
- APPENDIX C: Cost of Equity Capital
- APPENDIX D: REIT Portfolio Management
- APPENDIX E: Largest Global Real Estate Companies as of December 2010
- Glossary
- About the Author
- About the Contributors
- Index
Product information
- Title: Investing in REITs: Real Estate Investment Trusts, 4th Edition
- Author(s):
- Release date: October 2011
- Publisher(s): Bloomberg Press
- ISBN: 9781118004456
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