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New edition of爓hat is considered to be the classic book on real estate investment trusts aimed at the sophisticated investor.
內容簡介
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 industryHow REITs compare with other competitive investmentsHow to spot blue–chip REITs and control investment riskHow to value individual REIT stocks, and REIT shares generallyHow to build a diversified REIT portfolio, directly or with REIT mutual fundsUnderstanding the risk–and–reward dynamics of commercial real estateAssessing non–US REITs and how to invest in them Important new developments and strategies in the REIT industryAuthor 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.
作者簡介
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).
精彩書評
"An excellent book…a handy guide to ward staff who do not deal with the acutely ill patient consistently."Science Direct
目錄
Introduction. Acknowledgments. Part I: Meet the REIT. Chapter 1: REITs: What They Are and How They Work. Types of REITs. General Investment Characteristics. Higher Current Returns. Summary. Chapter 2: REITs versus Competitive Investments. Bonds. Convertible Bonds. Preferred Stocks. Other High-Yielding Equities. Other Real Estate Investment Vehicles. Summary. Chapter 3: Today's REITs. The First REIT. The Tax Reform Act of 1986. UPREITs and DownREITs. REIT Modernization Act and RIDEA. Lending REITs versus Ownership REITs. Expansion of REIT Property Sector Offerings. Summary. Chapter 4: Property Sectors and Their Cycles. Ups and Downs. Property Sectors. Summary. Part II: History and Mythology. Chapter 5: REITs: Mysteries and Myths. Changing Attitudes toward REITs. Myths about REITs. Summary. Chapter 6: A History of REITs and REIT Performance. The 1960s: Infancy. The 1970s: Adolescence and Turbulence. The 1980s: Overbuilding The Troll Under the Bridge. The 1990s: The Modern REIT EraPlus More Growing Pains. Recent Trends. Summary. Part III: Investing in REITs Intelligently. Chapter 7: REITs: Growth and Value Creation. The Significance of FFO and AFFO. The Dynamics of FFO/AFFO Growth. Internal Growth. How to Build Internal Growth into a Lease. Other Ways to Generate Internal Growth and To Create Shareholder Value. External Growth. More External Growth Avenues. Summary. Chapter 8: Searching for Blue Chips. Investment Styles. Growth REITs. Value or Turnaround REITs. Bond-Proxy REITs. The Virtues of Blue-Chip REITs. Access to Capital and its Benefits. The importance of Allocating Capital Wisely. Summary. Chapter 9: The Quest for Investment Value. The Investor's Dilemma: Buy and Hold Versus Trading. The Buy-and-Hold Strategy. REIT Stock Valuation. Valuing REITs as a Group. Summary. Chapter 10: Building a REIT Portfolio. How Much of a Good Thing Do You Want? Diversification Among REITs. Toward A Well-Balanced Portfolio. How to Get Started. Summary. Chapter 11 Investing in Global REITs and Property Companies. How the U.S. REIT Revolution Spread around the Globe. Mapping the Size of Global Property Stock Markets. The Long-Term Evidence Supporting Investments in Global Real Estate Securities. Managing a Gobal Real Estate Securities Portfolio. The Practicalities of Investing Overseas for the Individual Investor. Part IV: Risks and Future Prospects. Chapter 12: What Can Go Wrong? Issues Affecting All REITs. Problems Affecting Individual REITs. Summary. Chapter 13: Tea Leaves: Some Thoughts about the Future. Additional Real Estate Owners Will REITize. Increasing Investor Demand for REITs. Larger REITs: Is Bigger Really Better? Additional New Trends. So Much More to Come. Summary. Resources. Appendix A: Death and Taxes. Appendix B: Case Study: FFO, AFFO, FAD and CAD. Appendix C: Cost of Equity Capital. Appendix D: REIT Portfolio Management. Appendix E: Largest Global Real Estate Companies as of December 2010. Glossary. About the Author. About the Contributors. Index.
前言/序言
Investing in REITs: Real Estate Investment Trusts, 4th Edition 在房地産投資信托公司投資 [精裝] 下載 mobi epub pdf txt 電子書 格式
Investing in REITs: Real Estate Investment Trusts, 4th Edition 在房地産投資信托公司投資 [精裝] 下載 mobi pdf epub txt 電子書 格式 2024
Investing in REITs: Real Estate Investment Trusts, 4th Edition 在房地産投資信托公司投資 [精裝] mobi epub pdf txt 電子書 格式下載 2024