Investing in REITs: Real Estate Investment Trusts

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John Wiley & Sons, Sep 2, 2011 - Business & Economics - 448 pages
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The new Fourth Edition of 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.

 

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User Review - Flag as inappropriate

This book provides an excellent introduction to property REITs. It explores pros and cons of the various categories of property REITs while providing a historical perspective.

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User Review  - harley08 - Overstock.com

this a great book to learn Real Estate Investment. Read full review

Contents

REITs versus Competitive Investments
19
Todays REITs
33
Property Sectors and Their Cycles
43
Mysteries and Myths
91
A History of REITs and REIT Performance
109
Growth and Value Creation
143
Searching for Blue Chips
175
The Quest for Investment Value
215
Investing in Global REITs and Property Companies
261
Risks and Future Prospects
307
Some Thoughts about the Future
335
Appendix A Death and Taxes
369
Cost of Equity Capital
377
Appendix E Largest Global Real Estate Companies as of December 2010
391
Glossary
413
About the Author
423

Building a REIT Portfolio
239

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About the author (2011)

Ralph L. Block, has been an active participant in the REIT industry for four decades, as an individual investor, investment advisor, professional money manager, author, publisher, and consultant. Mr. Block is currently the owner and proprietor of Essential REIT Publishing Co. For his many contributions to the REIT industry, Block received the 2004 Industry Achievement Award from the National Association of Real Estate Investment Trusts (NAREIT).

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