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DYOR all, but I notice that the Intelligent Investor Value fund is still buying up big up to this week. They now have a 6% stake. You can bet they are the buyer that has picked up much of the 3 million shares traded so far today. These guys are either very smart and know a good thing when...

Nice find W123. Not sure if the 35-50% returns are being experienced over the whole tri state region. Long Island will take a fair bit longer from my understanding. If the RNY portfolio 'could' achieve even 35% increase in its portfolio it would look good. On a per share basis they...

I think you'll find that with any share. The value investor looks for those where the market has overestimated the risks and undervalued the opportunities. This isn't easy to do as it requires a lot of independent thought. When I spotted RNY , it seemed to fit that description well but...

W123 - not sure if you still follow this , but have you noticed some more positive signs that the tide may be turning in the NY market. In the last few weeks RNY seem to have increased their occupancy at 35 Pinelawn to 91% (81% in December). New leases look to have been signed at 6800...

Probably one that never had any problems refinancing in the past but ran into the GFC just as loans were due to be refinanced. Oops! :eek: Happened to a few of the REITs. I reckon management is as much to blame as anyone who didn't see the GFC coming. ie nearly everyone! I don't own AEZ.

Thats correct. There is some talk it could be sooner than that as management has been incredibly proactive in cutting expenses and property devaluations should be all out of the way. The trouble is, when it reports its next profit, whether that be in 6 months, or 2 years, its earnings are...

W123, it looks like your broker has been buying :) There is now virtually no sell depth on RNY. 200K would have bought out all the sellers last week, but now only 10K would have the share price up at 19 cents! Remaining holders look to be in it for the long run. I expect that the last few...

Good job! Does he suggest any other Reits worth buying? I spend around 6-8 hours analysing a company before investing in it. So most of that is time wasted as I don't buy everything I study. The hardest part is finding a good lead worth investigating as there is still a lot of...

Maybe not. If you look at the ASX annoucements for RNY. The Intelligent investors Value fund has been accumulating a 5% shareholding of the trust at around 11.5-12.5 cents a share over the last few months. They are known to do good thorough research. Current price, Bid 12.5, Ask 13...

The other REIT I've liked for a while is Real Estate Capital Partners USA Property Trust (RCU). Seems undervalued against its NTA per share although not by as much as RNY. This one is also up 7% today on a disastrous day for the market. I have been wanting to buy more but the sellers...

Its good to see we have some discussion on REITS. Actually I'd be interested to hear any technical analyst opinions on this one. If the share market reached a 6 month low today, but RNY stayed at a 6 month high, is that a bullish signal? I normally would have said its a bearish sign...

"The catch" is risk. And the risk in this case is the uncertainty surrounding the refinancing of about half their portfolio due this year. If you delve into the recent annual report, you will see that this trust has two halves. A bad half and a good half. Often the bad half can bring the...

Hi all After the interesting thread on whether picking individual shares is for mugs, I was wondering if anyone who has a good understanding commercial property can tell me what they think of a particular ASX listed REIT I have on my radar. Its called Reckson New York (RNY), They own a...