09-27-2013, 03:03 PM
I was all out of REITs for a while as prices had just gotten too high for my taste, plus facing the prospects of rate increases. Started easing back in recently after the sector hit, but won't take on much exposure in front of the other side of the fed. rate cycle.
Current REIT exposure (av share cost)(weighting): CSG ($7.46) (2%) O ($39.42)(1.5%) WPC ($64.88)(2.3%)
total weighting about 5.8%
Mid point in the next rate increase cycle I would like to be weighted at closer to 10% and into the next easing cycle perhaps 15%-20%. I remain cautious wrt to property REITs and will likely buy no more in front of rate increases.
Current REIT exposure (av share cost)(weighting): CSG ($7.46) (2%) O ($39.42)(1.5%) WPC ($64.88)(2.3%)
total weighting about 5.8%
Mid point in the next rate increase cycle I would like to be weighted at closer to 10% and into the next easing cycle perhaps 15%-20%. I remain cautious wrt to property REITs and will likely buy no more in front of rate increases.
Alex