Search found 26 matches

by ddo2
Fri Jun 03, 2011 7:36 am
Forum: Inland REITs
Topic: Reality check on current book value of two Inlands
Replies: 2
Views: 10030

Reality check on current book value of two Inlands

So, I decided to noodle through the 10-Ks of Inland Western and Inland American to figure out their current value. Using the FFO per share calculation, I came up with 29.8 for Inland American and 28.3 for Inland Western. Using a 14.3 multiple (based on RW's last post on this topic), I came up with a...
by ddo2
Mon May 09, 2011 7:17 am
Forum: General Non-Traded REIT Questions & Discussions
Topic: What was the last REIT to "make money"?
Replies: 3
Views: 3656

Re: What was the last REIT to "make money"?

Thanks, 1031. I'm tempted to give them a pass on the 2008 collapse given everything else going on, but interesting that its still a pretty mediocre investment. I've noted before that my broker said these were an alternative to bonds in a well-balanced portfolio, but bonds should be a stablizing forc...
by ddo2
Wed May 04, 2011 4:07 pm
Forum: General Non-Traded REIT Questions & Discussions
Topic: What was the last REIT to "make money"?
Replies: 3
Views: 3656

What was the last REIT to "make money"?

So, as I sit in endless illiquid limbo waiting for the Inland Western IPO/phase-in to come to pass, I started thinking: When did any of these things make money? Meaning, has any of these things ever gone to an IPO, begun trading and been trading ABOVE the initial/stated price (assume $10)? If one ha...
by ddo2
Wed Apr 27, 2011 11:17 am
Forum: Apple REITs & David Lerner
Topic: Shareholder's Meetin'
Replies: 2
Views: 2172

Re: Shareholder's Meetin'

If you're in NYC and want to go, consider the Acela. It will get you to DC in abotu 3:15, and you can probably catch a train from here to Richmond (or just rent a car), that won't take more than 2 hours. There's a bunch of commuter trains heading that way at the right time of day.
by ddo2
Thu Apr 07, 2011 10:59 am
Forum: Inland REITs
Topic: IWST registration
Replies: 3
Views: 10299

Re: IWST registration

I'm curious if this IPO actually happens. The IPO market has been pretty bad and a fair number of them have failed to actually close. Market for new money isn't that great right now.
by ddo2
Fri Mar 04, 2011 3:01 pm
Forum: Inland REITs
Topic: IWST registration
Replies: 3
Views: 10299

Re: IWST registration

Small update: I got the B share conversion rights, and sure enough they automatically convert in tranches at times TBD, to A. So, theoretically you get 1 share of each class for each share you have now, and then cut you current shares to 1/4 of what you have (all these numbers are missing in the dra...
by ddo2
Fri Mar 04, 2011 2:52 pm
Forum: Inland REITs
Topic: IWST registration
Replies: 3
Views: 10299

IWST registration

Has anyone read the S-11 filing they made? (I want to thank my broker for mentioning this rather than me having to happen upon it.) I have it on a zip drive, but I really wasn't keen on reading the whole thing as beach reading, especially since its 45 degrees here. From my perusal of the summary, it...
by ddo2
Thu Dec 30, 2010 9:59 am
Forum: Inland REITs
Topic: Lapis tender offer for Inland American?
Replies: 4
Views: 12470

Re: Lapis tender offer for Inland American?

Nancy, I think it depends on your situation. If you need the cash, then dump it. I don't need it now, so I'm waiting it out. IA seems in slightly better shape to me than some of the others, given their relatively strong cash position compared to others. But, I'm not sure I like the movement into MDU...
by ddo2
Thu Dec 30, 2010 9:56 am
Forum: Inland REITs
Topic: Inland Western phased-in liquidity program
Replies: 7
Views: 17001

Re: Inland Western phased-in liquidity program

Will this "IPO" also include a reverse split like Piedmont? Not clear. Someone needs to explain to me the logic of a 12 month lock-up. I get a short lock up, or maybe a phased in unlocking to avoid a massive stock dump on the first day, but a a solid 12 month just pushes the dump off for 12 months, ...
by ddo2
Mon Nov 08, 2010 1:39 pm
Forum: Inland REITs
Topic: Thanks Inland American!
Replies: 9
Views: 17905

Re: Thanks Inland American!

@dbgreen, Thanks for your input. I guess my question is which secondary market do you recommend? I'm not looking for a new large broker arrangement just to pick up a few defensive secondary market shares. At Whatyear, I missed your part about August 2011. I'm not sure where that date is from. Techni...