malach hamovess

How About Sears Holdings as a REIT?

sears as a reit would have sears and kmart stores as the primary tenants. these stores have been doing horribly and are probably losing money now. thus, a reit based on the sears real estate might be worth a lot less than presented above.

a top retailer - target - was evaluated for splitting off the r/e; even with great leases, the parts are not going to be greater than the whole, particularly when as in sears' case, the retail segment is pure drek

Why Federal Realty Looks Interesting

reits with greater upside have been really beaten down by the freeze in credit. if you're buying a reit for the steady income right now, you'd probably be better off buying the quality bonds of a bigger reit - like simon; if you're buying for a rebound in the sector to be fueled by a return of retailing and/or a freeing of the credit markets, you might consider one of their more leveraged peers that's been beaten down - Kimco, Weingarten, or even DDR