Investing in REITs: Real Estate Investment Trusts: Third Edition (Bloomberg)
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
Author's Review of 3rd Edition
By Ralph Block - April 16, 2002
I am the author of "Investing in REITs," and would like to contribute a few comments regarding the new 3rd edition released in January 2006, and how it differs from prior editions. The new edition improves upon and updates the prior editions in two principal ways:
First, it provides current information concerning the major events that have occurred and continue to evolve in the REIT industry. These include the REITs' bear market of 1998-1999, their subsequent amazing 6-year bull market, widespread acceptance of REITs as proxies for commercial real estate, and merger and acquisition activity. Further, all graphs and charts have been updated, and a new appendix on managing an all-REIT investment portfolio has been included.
Second, the new 3rd edition provides commentary on recent REIT industry trends that will affect all REIT investors, including the apparent "disconnect" between the 2001-2005 softness in the commercial real estate "space" markets and booming... read more
Investing in REITS
By klee12 - July 21, 2002
Real Estate Investment Trusts, or REITs, that, in my opinion, are more of an asset class, like fixed income bonds, than a sector of the general stock market. Every investor should be familar with this asset class just as every investor should be familar with fixed the income class. One can choose not to invest in REITs, just as one can decide to be 100 per cent in equities, but the choice should be an informed one. "Investing in REITs" by Ralph Block is an informative and clear introduction to REITs suitable for new investors. Investors who have followed REITs for a couple of years will also benefit from the book.Part 1 of this book give an overview of REITs. In particular Chapter 2 shows why REITs are different (not better) than than electric utilities, bonds, and preferred stocks. Part 2 of this book discusses the history of REITs and then some of the myths regarding REITs. REITs have been around since 1962 when a law was passed that excluded REITs from corporation tax if... read more
Essential for REIT investors
By Catherine Michael "catherinemichael" - December 17, 2004
First, I have no connection with Ralph Block or any of the enterprises he was previously or is currently associated with.
When the current edition of his book ("cobalt cover") was newly out, I took an online course from Block using the book as text. I was engaged in a total immersion crash course in investing (long overdue), being newly retired and confronted with managing for income a rollover IRA (having disengaged a 401K from my former employer) which was my primary asset outside of my house. The market had just crashed, and would go down further. Better late than never, but a painful six months educational process, as I learned how to reconfigure and manage the IRA myself.
The book and course convinced me that REITs belonged in my portfolio and I allocated a portion of it (initially 7%) to a combination of individual REITs and a highly rated REIT mutual fund. Prices were down along with the rest of the market, so in that respect it was beginners luck... read more
Real estate investment trusts (REITs) make commercial real estate profits available to everyone! REITs are one of the hottest and most potentially lucrative investment vehicles in the market today. ...