You wanna long a commercial office space REIT in a world where a shit ton of businesses are either going to die or scale back on leasing since a lot of work can be done remotely? [Reply]
Originally Posted by Discuss Thrower:
You wanna long a commercial office space REIT in a world where a shit ton of businesses are either going to die or scale back on leasing since a lot of work can be done remotely?
Yes, RETAIL REITS are the ones you want to avoid: Kimco, Regency Centers, Federal Realty Trust, CB&L (about to go bankrupt), Simon Properties, and the rest of them.
Office REITS are much better positioned and will suffer much less. [Reply]
I've got ENB and TWO. I got ENB accidentally because they bought some other company I had stock in. It seems like it should be great, and I guess it's been okay in the current climate. I think it's running about breakeven for me if you include the dividend, maybe up a few percent a year in the two or three years I've had it.
TWO is not a great story. It's pretty much muddled along for me at breakeven for the past three years or so, with a good dividend but a declining price. And then with covid it tanked really badly. I think I'm down 60 or 70 percent, so I would feel comfortable calling it a disaster. Maybe it's a good buy now, but to be honest I wasn't thrilled with it before the crash. [Reply]
Originally Posted by Discuss Thrower:
You wanna long a commercial office space REIT in a world where a shit ton of businesses are either going to die or scale back on leasing since a lot of work can be done remotely?
That's what I was told by an investor. A lot of the huge companies are discovering they can save tons of money by letting employees operate from their homes. It's going to be a different world on the other side of this pandemic. Offices will be empty. [Reply]
Originally Posted by lewdog:
Selling puts, not buying them.
I will be selling starting July 1st. A lot of money still has to move. Targets of opportunity I am considering are schwab, Starbucks, Verizon. Kind of a value mindset with the intent to play the wheel. [Reply]