What Did You Buy Today?

[fenders53]

(04-23-2020, 02:33 PM)crimsonghost747 Wrote:

(04-23-2020, 10:00 AM)fenders53 Wrote: Any suggestions on high quality REITs to research.  Say I want to own three and diversify.  I am stuck with WELL for now.    Was considering O on a bit more dip.  So how about the third one?  I realize REITs trade together generally.  I just don't want to own the equivalent of "GM and F" if that makes sense.

residential all the way! Why risk it with commercial property? I know I do not need to point out what difficulties lie ahead for those. That doesn't mean that you won't find some good investments in that sector too but overall it just sounds risky.

So onwards with residential! 
-I think IRT looks good here. I don't own it but I might soon.
-I wouldn't be myself if I didn't offer you an European alternative, and hey you did mention diversification. So check out Vonovia from Germany. It's looks like pure gold to me. Seriously, how many REITS can you name who are dishing out +10% FFO per share and dividend increases every single year? However, they do not really come with any big COVID discount. It's expensive, the yield is low, etc. I would love to get a Michelin star meal for the price of a Bic Mac but that's not the case here and I'm not sure if that will happen.

Now this last one is far from high quality. But I've also been adding some GEO recently. I guess that could be considered residential. 
The yield is absolutely mind blowing, assuming they can keep it up. It's risky but might be worth a shot.

Thanks, I got room for one more.  The put premiums are stupid good on anything REIT so I'll just keep selling them short duration until I get forced into some good ones.   I have a fairly big position in WELL and am tempted to slide some over but whatever I buy needs to be just as beaten up.  I am down pretty hard on WELL and I think it's overdone.  I should probably just close my eyes for six months on that name.  Nursing homes aren't going away.