 |
| 1970-71 era |
First of all, today is Veterans Day. So if you know a military veteran or see someone in a uniform, take a moment to say ‘Thank you.’
National Retail Properties (NNN) reported a 59.3% jump in third-quarter profit, as well as a 27.6% increase in revenue.
The REIT posted a net income of $33.3 million, or 30 cents per share, for the period ending September 30. That compared with net income of $20.9 million, or 24 cents per share, in the previous-year period
Revenue was $85 million for the third quarter … a huge jump from $66.6 million in the year-earlier period.
Here’s one more figure that got my attention: National’s portfolio had a 97.9% occupancy rate as of September 30, which compared with 97.4% as of December 31, 2011, and 97.2% as of September 30, 2011. This tells me that this REIT’s profits should continue to grow throughout 2013.
The REITs in the e-FinancialWriter portfolio are up 32.95% since inception, not including dividends.
|
REIT
|
Sector
|
Blog date
|
Price
|
Closing price 11/09/12
|
Return to date %
|
Dividend yield %
|
|
PSA
|
Self
storage
|
90.75
|
145.70
|
60.55
|
3.02
|
|
|
|
|
|
|
|
|
|
|
VTR
|
Health
care
|
52.87
|
63.69
|
20.47
|
3.89
|
|
|
HCP
|
Health
care
|
|
36.81
|
44.15
|
19.94
|
4.53
|
|
HCN
|
Health
care
|
|
47.53
|
58.64
|
23.37
|
5.22
|
|
|
|
|
|
|
|
|
|
IAECREIN:CN
|
|
19.45cn
|
25.22cn
|
29.67
|
0
|
|
|
ZRE:CN
|
|
|
16.29cn
|
20.21cn
|
24.06
|
4.81
|
|
INVRLPRA:CN
|
|
|
5.45cn
|
5.56cn
|
2.06
|
1.23
|
|
NNN
|
Retail
|
27.18
|
30.80
|
13.32
|
5.13
|
|
|
|
|
|
|
|
|
|
|
Index
return
since
inception*
|
|
|
|
|
32.95
|
|
|
Avg
dividend yield of REITs in portfolio
|
|
|
|
|
2.84
|
|
Source: Bloomberg
*Does not include dividends paid
Effective tomorrow, Monday November 12, I am removing the
INVRLPRA:CN fund. It has not met expectations. Right now, there are better
opportunities for income and growth in the residential rental REIT sector.
If you have trouble seeing the chart, just in zoom in
with your web browser.
Enjoy
your weekend!
George
P.S.
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