The Intelligent REIT Investor Guide

Demystify real estate investment trusts with this masterful guide from an industry expert. In The Intelligent REIT Investor Guide, author Brad Thomas walks you through both basic and advanced topics in the profitable, sustainable world of real estate investment trusts. From historical industry performance to the equations needed to calculate key metrics in REIT stocks, this book covers the history, vocabulary, principles, and analysis you’ll need to invest wisely in this growing asset class. Find out how you can strengthen your investment decisions and conclusions with publicly traded REITs in the short- and long-terms alike. With this book you’ll: Understand exactly what REITs are, how they work, and why they’ve achieved such impressive historical returns Discover how REITS have performed over the decades up against other asset classes Compare and contrast the various subsectors – such as residential, retail, office, healthcare, self-storage, lodging, technology, and more – to understand which ones can work better in your personal portfolio. Perfect for personal and professional investors alike, The Intelligent REIT Investor Guide is an invaluable guide to a crucial asset class that is often overlooked or poorly understood despite its undeniable impact on portfolios over the past 60 years.

Acknowledgments xi A Building Block for REITs xiii Chapter 1 REITs: What They Are and How They Work 1 Chapter 2 REITs Versus Competitive Investments 15 Chapter 3 REITs over the Decades 27 Chapter 4 Residential REITs 41 Chapter 5 Retail REITs 57 Chapter 6 Office, Healthcare, Self-Storage, and Lodging REITs 71 Chapter 7 Technology REITs 83 Chapter 8 Specialized REITs 101 Chapter 9 REITs: Mysteries and Myths 113 Chapter 10 REITs: Growth and Value Creation 123 Chapter 11 Searching for Blue Chips 143 Chapter 12 Breaking Down the REIT Balance Sheet 153 Chapter 13 REIT Preferred Stocks 163 Chapter 14 The Quest for Investment Value 173 Chapter 15 Building a REIT Portfolio 187 Chapter 16 Investing in Global REITs 203 Chapter 17 Management Matters 211 The Intelligent REIT Glossary 221 The Intelligent REIT Investor 233 Afterword 239 Index 241