| The Yield Hunter Let's make some money and sleep well at night |
| Residential REITS Master List (including apartments) |
The following list is our Master List of Residential REITS. As you will notice the majority of Residential Reits are companies that own Apartment Complexes. We believe that as of August 18, 2008 The Residential 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. Price and Yield Information Current as of 08/24/2008 |
| Updated 8/26/2008 |
| American Campus Communities Latest Info for Period End 6/30/2008 American Campus Communities, Inc. (ACC), a real estate investment trust (REIT), engages in the acquisition, design, finance, development, lease, and management of student housing properties in the United States. As of July 12, 2005, the company owned and managed 25 student housing properties, containing approximately 16,300 beds, as well as managed 44 student housing properties, representing 27,600 beds. ACC also provides construction management and development services for student housing properties owned by colleges and universities, charitable foundations, and others. In addition, it also provides third party property management and leasing services. The company has elected to be taxed as a REIT under sections 856 to 860 of the Internal Revenue Code. As a REIT, it would not be subject to federal income tax purposes, provided it distributes at least 90% of taxable income to its shareholders. ACC was founded in 1993 and is based in Austin, Texas. Yield as of 8/23/2008 4.6% |
| Avalon Bay Communities Latest Info for Period End 6/30/2008 AvalonBay Communities, Inc., together with its subsidiaries, engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. At January 31, 2008, the company owned or held a direct or indirect ownership interest in 163 operating apartment communities containing 45,932 apartment homes in 10 states and District of Columbia, of which 12 communities containing 4,006 apartment homes were redevelopment communities. It also held a direct or indirect ownership interest in 20 communities containing 4,229 apartment homes. In addition, the company has 21 communities under construction that would contain an aggregate of 6,816 apartment homes. AvalonBay Communities qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income tax, if it distributes at least 90% of its taxable income to its stockholders. The company, formerly known as Bay Apartment Communities, Inc., was founded in 1978 and changed its name to AvalonBay Communities, Inc. in 1998. AvalonBay Communities is based in Alexandria, Virginia with additional offices in Boston, Massachusetts; Chicago, Illinois; Long Island, New York; Los Angeles, California; New York, New York; Newport Beach, California; San Jose, California; Seattle, Washington; Shelton, Connecticut; and Woodbridge, New Jersey Yield as of 8/23/2008 3.5% |
| Equity Lifestyle Properties Latest Info for Period End 6/30/2008 Equity Lifestyle Properties, Inc. is a publicly owned real estate investment trust (REIT). The firm engages in the ownership and operation of lifestyle oriented properties. Its portfolio of properties include various amenities and common facilities, such as a clubhouse, a swimming pool, laundry facilities, and cable television service, sauna/whirlpool spas, golf courses, tennis, shuffleboard and basketball courts, and exercise rooms. The firm leases developed sites to owners of manufactured homes referred to as resort homes, park models referred to as resort cottages, and recreational vehicles. It primarily invests in the markets of the United States. The firm primarily invests in land with lower maintenance costs and customer turnover costs, high quality real estate in and around major metropolitan areas, high barriers to entry, retirement and vacation destinations, growth markets, and appreciating component of real estate. It was formerly known as Home Communities, Inc. The firm was founded in 1992 and is based in Chicago, Illinois with additional offices in Clearwater, Florida, Phoenix, Arizona, and Aurora, Colorado. Yield as of 8/23/2008 1.6% |
| Equity Residential Latest Info for Period End 12/31/2007 Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. As of December 31, 2007, it owned and invested in 579 properties in 24 states and the District of Columbia consisting of 152,821 units. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Equity Residential was founded in 1966 and is headquartered in Chicago, Illinois. Yield as of 8/23/2008 4.5% |
| Essex Property Trust Financials for Period End 6/30/2008 Essex Property Trust, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities primarily in the West Coast of the United States. It has a 90.9% general partner interest in Essex Portfolio, L.P. As of December 31, 2007, the company owned or held an interest in 134 apartment communities, comprising 27,489 apartment units, of which 13,205 units were located in Southern California; 8,462 units were located in the San Francisco Bay Area; 5,520 units were located in the Seattle metropolitan area; and 302 units were located in other areas, which consists one community in Houston, Texas. Its other properties included 6 office buildings, 2 recreational vehicle parks, and 1 manufactured housing community. The company has elected to be taxed as a REIT and would not be subject to federal income tax on the portion of its income that is distributed to stockholders. Essex Property Trust was founded in 1971 and is headquartered in Palo Alto, California Yield as of 8/23/2008 3.4% |
| Home Properties Latest Financials for Period End 6/30/2008 Home Properties, Inc., a real estate investment trust (REIT), engages in the ownership, operation, acquisition, development, and rehabilitation of apartment communities in the United States. As of December 31, 2007, it operated 125 communities with 38,646 apartment units in the northeast, Mid-Atlantic, and southeast Florida. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1993 and is based in Rochester, New York. Yield as of 8/23/2008 4.9% Yield as of 8/25/2008 4.9% |
| Inland Real Estate Latest Info for Period End 6/30/2008 Inland Real Estate Corporation, a real estate investment trust (REIT), engages in the ownership, operation, and development of shopping centers and single-tenant retail properties in the Midwest region of the United States. As of December 31, 2007, the company owned interests in 152 investment properties, comprising 70 neighborhood retail centers totaling approximately 4,397,000 gross leasable square feet; 20 community centers totaling approximately 3,007,000 gross leasable square feet; 28 power centers totaling approximately 4,622,000 gross leasable square feet; 1 lifestyle center totaling approximately 562,000 gross leasable square feet; and 33 single-user properties totaling approximately 2,139,000 gross leasable square feet. Inland Real Estate Corporation 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 REIT taxable income to stockholders. The company was formed in 1994 and is based in Oak Brook, Illinois. Yield as of 8/25/2008 6.6% |
| Post Properties Latest Info for Period End 6/30/2008 Post Properties, Inc., a real estate investments trust (REIT), together with its subsidiaries, engages in the development, ownership, and management of multifamily apartment communities in the United States. As of December 31, 2007, the company owned 22,578 apartment units in 63 apartment communities, including 1,747 apartment units in 2 communities held in unconsolidated entities and 2,266 apartment units in 7 communities. It is also developing and selling 535 for-sale condominium homes in 4 communities and converting 349 apartment homes into for-sale condominium homes in 2 communities. The company primarily operates in Atlanta, Georgia; Dallas, Texas; Washington, D.C.; and Tampa, Florida metropolitan areas. Post Properties has elected to be taxed as REIT under the Internal Revenue Code and would not be subject to federal income taxes, if it distributes approximately 90% of its taxable income to its shareholders. The company was founded in 1971 and is based in Atlanta, Georgia. Yield as of 8/26/2008 5.7% |
| Maxus Realty Trust Latest Info for Period End 3/31/2008 Maxus Realty Trust, Inc., a real estate investment trust (REIT), makes equity investments in real estate properties in the United States. The company primarily invests in multifamily housing properties. As of June 30, 2005, it operated eight apartment communities. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986 and would not be subject to federal income tax, if it distributes at least 90% of its taxable income to its shareholders. The company, formerly known as Nooney Realty Trust, Inc., was formed in 1984. Maxus Realty is based in North Kansas City, Missouri. Yield as of 8/24/2008 N/A |
| Sun Communities Latest Info for Period End 6/30/2008 Sun Communities, Inc. operates as a real estate investment trust (REIT). The company owns, operates, and develops manufactured housing communities concentrated in the midwestern and southeastern United States. As of December 31, 2007, it owned and operated a portfolio of 136 properties located in 18 states, including 124 manufactured housing communities, 4 recreational vehicle communities, and 8 properties containing both manufactured housing and recreational vehicle sites. The company has elected to be taxed as a REIT and would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Sun Communities was founded in 1975 and is headquartered in Southfield, Michigan. Yield as of 8/26/2008 13% |
| UDR Inc Latest Info for Period End 06/30/2008 UDR, Inc. formerly United Dominion Realty Trust, Inc., operates as a self-administered equity real estate investment trust (REIT). It owns, acquires, renovates, develops, and manages middle-market apartment communities. The company targets young professionals, blue-collar families, single parent households, older singles, immigrants, and non related parties. As of June 30, 2005, the company's portfolio included 263 communities with 77,289 apartment homes nationwide. As a REIT, the company would not be subject to federal income taxes to the extent it distributes 90% of its REIT taxable income to its stockholders. UDR, Inc. was founded in 1949 and is headquartered in Highlands Ranch, Colorado. Yield as of 8/27/2008 5.4% |
| UMH Properties Latest Info for Period End 6/30/2008 UMH Properties, Inc., a real estate investment trust (REIT), engages in the ownership and operation of manufactured home communities. It leases manufactured home spaces to private manufactured home owners, as well as leases homes to residents. As of December 31, 2005, the company owned and operated 27 manufactured home communities comprising 6,400 sites located in New York, New Jersey, Pennsylvania, Ohio, and Tennessee. The company, through its wholly owned subsidiary, UMH Sales and Finance, Inc., sells and finances homes to residents and prospective residents of its communities. In addition, it invests in debt and equity securities of REITs. The company has elected to be taxed as a REIT under the Internal Revenue Code. It would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. United Mobile Homes was incorporated in 1968. The company was formerly known as United Mobile Homes, Inc. and changed its name to UMH Properties, Inc. in April 2006. UMH Properties is based in Freehold, New Jersey. Yield as of 8/27/2008 8.7% |
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