BerkeleyBob

REITs: Could It Be Time?

I am sitting on a large unrealized loss on a low profile industrial REIT. May add to my position to average down my cost per share but a review of the third quarter conference and management response to a credit downgrade (who believes those suckers anyway?) did not project a savage drop in share value over a short period of time. The fundamentals appear good, and it does appear the sell-off was due to hedge fund and institutional investor's redemptions. Moral: Know your fellow shareholders, do not assume that their interest and those of a small investor are aligned.