| The Yield Hunter Let's make some money and sleep well at night |
| Commercial and Industrial REITS Master List |
The following list is a Commercial and Industrial List of REITS. We are talking primarily Office Building REITs here, although there are a number of specialty companies that own, for instance, buildings in which the general public can rent storage space for their excess storage needs. As with many REITs some key items to observe are not just the income and FFO thes companies make, but how well they maintain their properties and the percentage of solid leases that are held on the properties. We believe that as of January 18, 2008 The Comm/Indus REITS are STILL overvalued! Even though many are off 25-50% from their earlier highs we think many of the issues will be cutting the dividend payout as they are unable to unload properties for large gains---which provided much of the FFO from the last couple of years. BUT there may be some of these issues that are not going to have to cut their payouts--if you find them you may have a real winner at these attractive yields. Always diversify and do plenty of research on your potential investments. |
| AMB Properties Financials for Period End 6/30/2008 AMB Property Corporation engages in the acquisition, development, and operation of industrial properties in North America, Europe, and Asia. As of December 31, 2006, the company owned or had investments in properties and development projects totaling approximately 124.7 million square feet and 1,088 buildings in 39 markets within 12 countries. It also managed industrial and other properties totaling approximately 1.5 million rentable square feet. The company has elected to be taxed as a real estate investment trust under the Internal Revenue Code and distributes at least 90% of its real estate investment trust taxable income to its stockholders. AMB Property was founded in 1983 and is headquartered in San Francisco, California. Yield as of 8/20/2008 4.4% |
| Alexandria Real Estate Equities Financials for Period End 09/30/2007 Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. Its properties consist of buildings containing scientific research and development laboratories, and other improvements. The company offers its properties for lease primarily to universities and independent not-for-profit institutions; and pharmaceutical, biotechnology, medical device, life science product, service, biodefense, and translational research entities, as well as governmental agencies. As of December 31, 2006, it had 159 properties, including 156 properties located in 9 states in the United States and 3 properties located in Canada. As a REIT, the company is not subject to federal income tax to the extent that it distributes 100% of its taxable income to its stockholders. The company was founded in 1993 and is based in Pasadena CA Yield as of 8/20/2008 3% |
| Brandywine Realty Trust Financials for Period End 6/30/2008 Brandywine Realty Trust is a publicly owned real estate investment firm. The firm engages in the engaged in the ownership, management, leasing, acquisition, and development of office and industrial properties. It primarily manages Class-A, suburban and urban office portfolio. The firm invests in the real estate markets of the United States. Brandywine Realty Trust was founded in 1985 and is based in Radnor, Pennsylvania with additional offices in Mount Laurel, New Jersey; Richmond, Virginia; Dallas, Texas; Falls Church, Virginia; Oakland, California; Austin, Texas, and Carlsbad, California. Yield as of 8/20/2008 10.10% |
| Colonial Properties Trust Financials for Period End 6/30/2008 Colonial Properties Trust, a real estate investment trust (REIT), engages in the acquisition, development, ownership, management, and leasing of commercial real estate properties in the United States. As of March 31, 2005, it owned and operated a portfolio of 147 wholly and partially-owned properties, consisting of multifamily, office, and retail properties in Alabama, Arizona, Florida, Georgia, Mississippi, Nevada, New Mexico, North Carolina, South Carolina, Tennessee, Texas, and Virginia. The company also owned interest in 70 multifamily apartment communities, 29 office properties, and 48 retail properties, as of the above date. Colonial Properties Trust elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code. As a REIT, it would not be subject to federal income tax, provided it distributes atleast 90% of taxable income to its shareholders. Colonial Properties Trust is headquartered in Birmingham, Alabama. Yield as of 8/19/2008 10% |
| DCT Industrial Trust Financials for Period End 06/30/2008 Dividend Capital Trust, Inc. is a publicly owned real estate investment trust. The firm provides its services to companies. Through its fund, it engages in the ownership, operation, and development of real estate properties. The firm specializes in the ownership, acquisition, development, and management of institutional capital management program. It invests in the real estate markets of United States and Mexico. The firm is also invests in selected international markets. It primarily invests in commercial real estate properties, including generic distribution warehouses and light industrial properties. The firm was formerly known as Dividend Capital Trust Inc. DCT Industrial Trust was founded in 2002 and is based in Denver, Colorado with additional offices in Atlanta, Georgia and Dallas, Texas. Yield as of 8/20/2008 8.4% |
| Eastgroup Properties Financials for Period End 12/31/2007 EastGroup Properties, Inc., a real estate investment trust (REIT), engages in the development, acquisition, and operation of industrial properties in the United States. As of December 31, 2006, it operated a portfolio of approximately 22.1 million square feet of real estate properties with an additional 1,458,000 square feet under development principally in the states of Arizona, California, Florida, and Texas. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax purposes, provided it distributes at least 90% of its REIT taxable income to its shareholders. EastGroup Properties was founded in 1969 and is headquartered in Jackson, Mississippi. Yield as of 8/20/2008 4.5% |
| Entertainment Properties Financials for Period End 06/30/2007 Entertainment Properties Trust, a real estate investment trust (REIT), develops, owns, leases, and finances entertainment and related properties in the United States and Canada. Its properties include megaplex theatres, entertainment retail centers, and destination recreational and specialty properties. As of December 31, 2007, the company had a real estate portfolio of 79 megaplex theatre properties located in 26 states in the U.S. and Ontario, Canada; 1 additional theatre property under development; 8 entertainment retail centers located in Westminster, Colorado, New Rochelle, New York, White Plains, New York, Burbank, California, and Ontario, Canada; and 1 additional entertainment retail center under development and land parcels leased to restaurant and retail operators. Entertainment Properties Trust qualifies as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1997 and is based in Kansas City, Missouri. Yield as of 8/20/2008 6% |
| Extra Storage Space Financials for Period End 06/15/2007 Entertainment Properties Trust, a real estate investment trust (REIT), develops, owns, leases, and finances entertainment and related properties in the United States and Canada. Its properties include megaplex theatres, entertainment retail centers, and destination recreational and specialty properties. As of December 31, 2007, the company had a real estate portfolio of 79 megaplex theatre properties located in 26 states in the U.S. and Ontario, Canada; 1 additional theatre property under development; 8 entertainment retail centers located in Westminster, Colorado, New Rochelle, New York, White Plains, New York, Burbank, California, and Ontario, Canada; and 1 additional entertainment retail center under development and land parcels leased to restaurant and retail operators. Entertainment Properties Trust qualifies as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1997 and is based in Kansas City, Missouri. Yield as of 8/20/2008 7% |
| First Industrial Realty Financials for Period End 12/31/2007 First Industrial Realty Trust, Inc. operates as a real estate investment trust. The company engages in the ownership, management, acquisition, sale, development, and redevelopment industrial real estate in the United States and Canada. As of December 31, 2006, its in-service portfolio included 416 light industrial properties, 147 research and development flex properties, 173 bulk warehouses, 98 regional warehouses, and 24 manufacturing properties containing approximately 68.6 million square feet of gross leasable area located in 28 states in the United States and one province in Canada. The company has elected to be taxed as a REIT and would not be subject to federal income tax, provided it distributes 90% of its taxable income to its shareholders. Industrial Realty Trust was founded in 1993 and is headquartered in Chicago, Illinois. Yield as of 4/25/2008 8.9% |
| First Potomac Realty Financials for Period End 06/30/2007 First Potomac Realty Trust operates as a real estate investment trust (REIT) in the United States. It owns, develops, and operates industrial and flex properties in the Washington, D.C. metropolitan area, as well as in Virginia and Maryland. As of December 31, 2006, the company owned 65 properties comprising approximately 10.4 million square feet. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to the federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. First Potomac Realty Trust was founded in 1997 and is based in Bethesda, Maryland Yield as of 8/20/2008 8.2% |
| Liberty Property Trust Financials for Period End 12/31/2007 Liberty Property Trust is a publicly owned real estate investment holding trust. Through its subsidiary, it provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office properties. The firm invests in industrial properties including various warehouse, distribution, service, assembly, light manufacturing, and research and development facilities. Its office properties include multi-story and single-story office buildings located principally in suburban mixed-use developments or office parks. Liberty Property Trust was founded in 1972 and is based in Malvern, Pennsylvania. Yield as of 8/20/2008 6.8% |
| Monmouth Realty Investors Financials for Period End 12/31/2007 Monmouth Real Estate Investment Corporation operates as a real estate investment trust (REIT). It owns and manages industrial properties, and leases these properties to investment-grade tenants on long-term leases. The company also holds a portfolio of REIT securities. As of September 30, 2006, it owned 41 industrial properties and 1 shopping center with a total of approximately 4,650,000 square feet. These properties are located in New Jersey, New York, Connecticut, Maryland, Michigan, Mississippi, Missouri, Massachusetts, Iowa, Illinois, Nebraska, North Carolina, South Carolina, Kansas, Pennsylvania, Florida, Virginia, Ohio, Wisconsin, Arizona, Colorado, Georgia, and Alabama. The company has qualified as a REIT under Sections 856-860 of the Internal Revenue Code. As a REIT, it would not be subject to federal tax purposes, provided that it distributes at least 90% of taxable income to its shareholders. Monmouth Real Estate Investment Corporation was founded in 1968 and is based in Freehold, New Jersey. Yield as of 8/20/2008 8.5% |
| PMC Commercial Financials for Period End 09/30/2007 PMC Commercial Trust, together with its subsidiaries, operates as a real estate investment trust. The company originates loans to small businesses collateralized by first liens on the real estate of the related business. It offers loans primarily to borrowers in the limited service hospitality industry. The company also originates loans for commercial real estate primarily in the service, retail, multifamily, and manufacturing industries. In addition, its investments include the ownership of commercial properties in the hospitality industry. The company has elected to be treated as a real estate investment trust under the Internal Revenue Code and would not be subject to federal income tax, provided it distributes approximately 90% of its taxable income to its shareholders. PMC Commercial Trust was founded in 1993 and is headquartered in Dallas, Texas. Yield as of 8/20/2008 11.1% |
| PS Business Parks Financials for Period End 09/30/2007 PS Business Parks, Inc., a real estate investment trust (REIT), engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. As of December 31, 2006, it owned and operated approximately 18.7 million rentable square feet of commercial space located in Arizona, California, Florida, Maryland, Oregon, Texas, Virginia, and Washington, as well as managed approximately 1.4 million rentable square feet. The company also owned approximately 6.4 acres of land in Northern Virginia; 14.9 acres in Portland, Oregon; 1.0 acre in Rockville, Maryland; and 10.0 acres in Dallas, Texas for the development of commercial properties, as of the above date. PS Business Parks has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1983. It was formerly known as Public Storage Properties XI, Inc. and changed its name to PS Business Parks, Inc. in 1998. The company is based in Glendale, California. Yield as of 8/20/2008 3.2% |
| Parkway Properties Financials for Period End 12/31/2007 Parkway Properties, Inc., a real estate investment trust (REIT), engages in the operation, acquisition, ownership, management, and leasing of office properties. It operates and invests principally in office properties in the southeastern and southwestern United States and Chicago. The company also offers real estate services. As of April 1, 2005, Parkway Properties had an interest in 64 office properties located in 11 states. It leased office properties to approximately 1,317 customers that comprise various industries, including government agencies, banking, professional services, energy, financial services, and telecommunications. As a REIT, the company would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Parkway Properties is based in Jackson, Mississippi. Yield as of 8/20/2008 7.2% |
| Prologis Trust Financials for Period End 09/30/2007 ProLogis operates as a real estate investment trust in the United States. It owns, operates, and develops industrial distribution properties in North America, Europe, and Asia. The company operates in three segments: Property Operations, Fund Management, and Corporate Distribution Facilities Services (CDFS). The Property Operations segment engages in the ownership, management, and leasing of industrial distribution and retail properties. As of December 31, 2005, this segment consisted of 1,461 operating properties with approximately 186.7 million square feet. The Fund Management segment provides investment management services for unconsolidated property funds and other properties. As of the above date, this segment had investments in approximately 14 property funds. The CDFS segment primarily develops properties that are contributed to a property fund or sold to third parties. This segment also engages in commercial mixed-use development activities, such as selling the land or completed projects to third parties. As of the above date, this segment had approximately 72 distribution properties. As a REIT, the company would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. It has a strategic cooperation agreement with China National Materials Storage & Transportation Co. and Zhongchu Development Stock Co., Ltd. to develop logistics and storage markets. The company also has a joint venture agreement with K Raheja Corp. for the acquisition and development of properties in Mumbai, Chennai, Delhi, Bengaluru, Kolkata, and Pune, India. ProLogis was founded as Security Capital Industrial Trust in 1991 and changed its name to ProLogis Trust in 1998. Subsequently, it changed its name to ProLogis. The company is headquartered in Denver, Colorado. Yield as of 8/20/2008 4.5% |
| Public Storage Financials for Period End 9/30/2008 Public Storage operates as a real estate investment trust (REIT). It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. The company's self-storage facilities offer storage spaces for lease on a month-to-month basis for personal and business use. Public Storage also has interests in commercial properties containing commercial and industrial rental space; facilities that lease storage containers; and ancillary operations, which include reinsurance of policies against losses to goods stored by its self-storage tenants, retail sales of storage related products, and truck rentals at its self-storage locations. As of December 31, 2007, the company had interests in 2,012 self-storage facilities with approximately 126 million net rentable square feet in 38 states; and 174 self-storage facilities with approximately 9 million net rentable square feet in 7 western European nations. It also had direct and indirect equity interests in approximately 21 million net rentable square feet of commercial space located in 11 states in the U.S. As a REIT, the company would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Public Storage was founded in 1971 and is headquartered in Glendale, California. Yield as of 8/20/2008 2.5% |
| SL Green Financials for Period End 09/30/2007 SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property management, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients. The firm invests in real estate markets of the United States. It primarily invests in commercial office and retail properties. SL Green Realty Corp. was founded in 1970 and is based in New York, New York. Yield as of 8/20/2008 3.7% |
| Sovran Self Storage Financials for Period End 09/30/2007 Sovran Self Storage, Inc. operates as a real estate investment trust (REIT). It engages in the acquisition, ownership, and management of self-storage properties in the United States. The company's self-storage properties offer storage space to residential and commercial users, as well as offer outside storage for automobiles, recreational vehicles, and boats. As of February 15, 2007, it owned and managed 328 properties, consisting of approximately 20.3 million net rentable square feet in 22 states. Sovran Self Storage has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax to the extent it distributes at least 90% of taxable income to its stockholders. The company was founded in 1982 and is headquartered in Williamsville, New York. Yield as of 8/20/2008 6.4% |
| Canadian IncomeTrusts Canadian Oil and Gas Trusts U.S Oil and Gas Trusts Shipping Stocks Master Limited Partnerships |
| U Store It Trust Financials for Period End 06/30/2008 U-Store-It Trust operates as a Real Estate Investment Trust (REIT). The company, together with its subsidiaries, engages in the ownership, operation, acquisition, and development of self-storage facilities in the United States. Its self- storage facilities offer storage space for the company�s residential and commercial customers, as well as outside storage areas for vehicles and boats. As of December 31, 2007, the company owned 409 self-storage facilities in 26 states with approximately 26.1 million rentable square feet. It also owned three additional facilities in Lakewood, Ohio; and Lake Worth and Vero Beach I, Florida. The company has elected to be treated as a REIT. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its REIT taxable income to its shareholders. U-Store-It Trust was founded in 2004 and is based in Cleveland, Ohio. Yield as of 9/12/2008 5.8% |