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Learn to invest in REITs with confidence and skill with this powerful resource
Educated REIT Investing is the ultimate resource for investors, financial advisors, and students interested in learning how to invest in real estate investment trusts (REITs)--one of the only asset classes to significantly outperform the S&P 500 Index over the last 25 years.
Written by Stephanie Krewson-Kelly and Glenn R. Mueller, PhD., both accomplished REIT authors and investors with six decades of accumulated industry experience between them, Educated REIT Investing provides all the basics and history, then blends pragmatic strategies and advice with a thorough exploration of the fundamentals and nuances of the REIT industry.
Topics include:
* Basic information about REITs and the REITs industry
* Terminology specific to the REIT industry, explained in plain-English
* Historical REIT industry performance tables and trading perspectives
* Analysis and equations needed to calculate key metrics used to identify the suitability of companies for investment purposes, illustrated with simple examples
This book is perfect for anyone looking for a straightforward, easy-to-understand resource to establish or improve their understanding and analysis of real-estate investment trusts.
List of contents
Foreword ix
Preface xi
Acknowledgments xv
About the Authors xvii
Part I An Introduction to REITs 1
Chapter 1 What is a REIT? 3
Chapter 2 Benefits of Investing in REITs 25
Chapter 3 Real Estate Fundamentals 37
Chapter 4 REIT Dividends 49
Chapter 5 Leases 65
Chapter 6 REITs by Property Type 79
Chapter 7 Mortgage REITs 109
Part II Investing in REITs 125
Chapter 8 Getting Technical 127
Chapter 9 Real Estate Debt and Fixed Income Securities 147
Chapter 10 REIT Performance in Various Market Conditions 159
Chapter 11 Analyzing REITs 185
Conclusion 227
Appendix A REITs Listed Alphabetically by Company Name 233
Appendix B REITs Listed Alphabetically by Ticker Symbol 241
Appendix C REITs by Sector 249
Glossary 263
Index 273
About the author
STEPHANIE KREWSON-KELLY is the Vice President of Investor Relations at Corporate Office Properties Trust (NYSE: OFC). Her career in the REIT industry began in 1994 and includes work in investment banking, as a sell-side analyst, and as an internationally published author. She also serves as an adjunct professor at the University of Denver, Franklin L. Burns School of Real Estate and Construction Management, and as a board member of the James A. Graaskamp Center for Real Estate Applied REIT program at the Wisconsin School of Business.
GLENN R. MUELLER, PHD, is a professor at the University of Denver, Franklin L. Burns School of Real Estate and Construction Management as well as a Real Estate Investment Strategist at Black Creek Group. He has 44 years of real estate experience as a builder, developer, lender, and institutional real estate researcher. His Real Estate Market Cycle research is internationally known as well as his award-winning investment strategy and REIT research.
