From the category archives:

CRZ

REIT Taxable Income Definition Unlocking Opportunities?

September 2, 2008

In order to maintain qualification as a Real Estate Investment Trust, or REIT, (please see “REIT Definition” for a comprehensive definition of REITs), any entity organized as a REIT is required (among other things) to annually distribute dividends to its stockholders in an amount at least equal to 90% of taxable income (not GAAP income). […]

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Crystal River’s New Loss-Driven Investment Strategy

August 20, 2008

“The future ain’t what it used to be”Yogi Berra Crystal River (CRZ) has had an absolutely terrible time of it. The REIT went public at $23 a share in July of 2006, and then blew through about $350 million, or almost $14 per share, in just eighteen months. The second quarter of 2008 continued to […]

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Wrecked REITs: Don’t Quote Me On It!

July 26, 2008

Alesco Financial in the land of the living dead May 7, 2007: “As of the end of the first quarter, we had fully invested stuffed ourselves silly with dodgy Trups all of the capital raised in 2006 manic bubble mania! in asset classes which have exhibited historically low default rates and which we believe will […]

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