Educated REIT Investing

Learn to invest in REITs with confidence and skill with this powerful resource Educated REIT Investing is the ultimate resource for investors, financial advisors, and students interested in learning how to invest in real estate investment trusts (REITs)—one of the only asset classes to significantly outperform the S&P 500 Index over the last 25 years. Written by Stephanie Krewson-Kelly and Glenn R. Mueller, PhD., both accomplished REIT authors and investors with six decades of accumulated industry experience between them, Educated REIT Investing provides all the basics and history, then blends pragmatic strategies and advice with a thorough exploration of the fundamentals and nuances of the REIT industry. Topics include: Basic information about REITs and the REITs industry Terminology specific to the REIT industry, explained in plain-English Historical REIT industry performance tables and trading perspectives Analysis and equations needed to calculate key metrics used to identify the suitability of companies for investment purposes, illustrated with simple examples This book is perfect for anyone looking for a straightforward, easy-to-understand resource to establish or improve their understanding and analysis of real-estate investment trusts.

Foreword ix Preface xi Acknowledgments xv About the Authors xvii Part I An Introduction to REITs 1 Chapter 1 What is a REIT? 3 Chapter 2 Benefits of Investing in REITs 25 Chapter 3 Real Estate Fundamentals 37 Chapter 4 REIT Dividends 49 Chapter 5 Leases 65 Chapter 6 REITs by Property Type 79 Chapter 7 Mortgage REITs 109 Part II Investing in REITs 125 Chapter 8 Getting Technical 127 Chapter 9 Real Estate Debt and Fixed Income Securities 147 Chapter 10 REIT Performance in Various Market Conditions 159 Chapter 11 Analyzing REITs 185 Conclusion 227 Appendix A REITs Listed Alphabetically by Company Name 233 Appendix B REITs Listed Alphabetically by Ticker Symbol 241 Appendix C REITs by Sector 249 Glossary 263 Index 273