Investing in REITs: Real Estate Investment Trusts, 4th Edition 在房地产投资信托公司投资

作者: Ralph L. Block 著

出版社: Wiley

出版时间: 2011-09

版次: 4

ISBN: 9781118004456

定价: 429.80

装帧: 精装

开本: 其他

纸张: 其他

页数: 432页

正文语种: 英语

丛书: Bloomberg

分类: 外文古旧书>英文书>经济

3人买过

ThenewFourthEditionofthedefinitivehandbookoninvestinginRealEstateInvestmentTrusts(REITs)RealEstateInvestmentTrusts(REITs),whichprovidesomeofthebesttotalreturnsintheinvestmentworld,alongwithabove–averagedividendyieldsandstableearnings,havebecomeincreasinglypopularwithbothindividualandinstitutionalinvestors.InvestinginREITs,FourthEditionhasestablisheditselfasthedefinitiveguidetounderstandingthisattractiveassetclass.Thebookisinvaluableforinvestors,financialplanners,andinvestmentadvisersinterestedinunderstandingREITsandREITinvestmentopportunities.AstheirearningsanddividendsarebeginningtogrowagainaftertheGreatRecession—andastheyareinauniquepositiontotakeadvantageofdistressedsaleopportunities—nowisanexcellenttimeforinvestorstoconsiderREITsforbothdiversificationandstrongtotalreturns.Theneweditioncovers:AcomprehensivehistoryoftheREITindustryHowREITscomparewithothercompetitiveinvestmentsHowtospotblue–chipREITsandcontrolinvestmentriskHowtovalueindividualREITstocks,andREITsharesgenerallyHowtobuildadiversifiedREITportfolio,directlyorwithREITmutualfundsUnderstandingtherisk–and–rewarddynamicsofcommercialrealestateAssessingnon–USREITsandhowtoinvestinthemImportantnewdevelopmentsandstrategiesintheREITindustryAuthorRalphL.Block,whohasbeeninvestinginREITstocksfor40yearsandiswidelyconsideredaleadingauthorityonREITs,bringsthehistoricalsuccessofInvestinginREITsrightuptodate.ThisbookisanessentialreadforbothindividualsandinstitutionswhodesiretoinvestincommercialrealestatethroughREITstocks. RalphL.Block,hasbeenanactiveparticipantintheREITindustryforfourdecades,asanindividualinvestor,investmentadvisor,professionalmoneymanager,author,publisher,andconsultant.Mr.BlockiscurrentlytheownerandproprietorofEssentialREITPublishingCo.ForhismanycontributionstotheREITindustry,Blockreceivedthe2004IndustryAchievementAwardfromtheNationalAssociationofRealEstateInvestmentTrusts(NAREIT). Introduction.Acknowledgments.PartI:MeettheREIT.Chapter1:REITs:WhatTheyAreandHowTheyWork.TypesofREITs.GeneralInvestmentCharacteristics.HigherCurrentReturns.Summary.Chapter2:REITsversusCompetitiveInvestments.Bonds.ConvertibleBonds.PreferredStocks.OtherHigh-YieldingEquities.OtherRealEstateInvestmentVehicles.Summary.Chapter3:Today'sREITs.TheFirstREIT.TheTaxReformActof1986.UPREITsandDownREITs.REITModernizationActandRIDEA.LendingREITsversusOwnershipREITs.ExpansionofREITPropertySectorOfferings.Summary.Chapter4:PropertySectorsandTheirCycles.UpsandDowns.PropertySectors.Summary.PartII:HistoryandMythology.Chapter5:REITs:MysteriesandMyths.ChangingAttitudestowardREITs.MythsaboutREITs.Summary.Chapter6:AHistoryofREITsandREITPerformance.The1960s:Infancy.The1970s:AdolescenceandTurbulence.The1980s:OverbuildingTheTrollUndertheBridge.The1990s:TheModernREITEraPlusMoreGrowingPains.RecentTrends.Summary.PartIII:InvestinginREITsIntelligently.Chapter7:REITs:GrowthandValueCreation.TheSignificanceofFFOandAFFO.TheDynamicsofFFO/AFFOGrowth.InternalGrowth.HowtoBuildInternalGrowthintoaLease.OtherWaystoGenerateInternalGrowthandToCreateShareholderValue.ExternalGrowth.MoreExternalGrowthAvenues.Summary.Chapter8:SearchingforBlueChips.InvestmentStyles.GrowthREITs.ValueorTurnaroundREITs.Bond-ProxyREITs.TheVirtuesofBlue-ChipREITs.AccesstoCapitalanditsBenefits.TheimportanceofAllocatingCapitalWisely.Summary.Chapter9:TheQuestforInvestmentValue.TheInvestor'sDilemma:BuyandHoldVersusTrading.TheBuy-and-HoldStrategy.REITStockValuation.ValuingREITsasaGroup.Summary.Chapter10:BuildingaREITPortfolio.HowMuchofaGoodThingDoYouWant?DiversificationAmongREITs.TowardAWell-BalancedPortfolio.HowtoGetStarted.Summary.Chapter11InvestinginGlobalREITsandPropertyCompanies.HowtheU.S.REITRevolutionSpreadaroundtheGlobe.MappingtheSizeofGlobalPropertyStockMarkets.TheLong-TermEvidenceSupportingInvestmentsinGlobalRealEstateSecurities.ManagingaGobalRealEstateSecuritiesPortfolio.ThePracticalitiesofInvestingOverseasfortheIndividualInvestor.PartIV:RisksandFutureProspects.Chapter12:WhatCanGoWrong?IssuesAffectingAllREITs.ProblemsAffectingIndividualREITs.Summary.Chapter13:TeaLeaves:SomeThoughtsabouttheFuture.AdditionalRealEstateOwnersWillREITize.IncreasingInvestorDemandforREITs.LargerREITs:IsBiggerReallyBetter?AdditionalNewTrends.SoMuchMoretoCome.Summary.Resources.AppendixA:DeathandTaxes.AppendixB:CaseStudy:FFO,AFFO,FADandCAD.AppendixC:CostofEquityCapital.AppendixD:REITPortfolioManagement.AppendixE:LargestGlobalRealEstateCompaniesasofDecember2010.Glossary.AbouttheAuthor.AbouttheContributors.Index.
内容简介:
ThenewFourthEditionofthedefinitivehandbookoninvestinginRealEstateInvestmentTrusts(REITs)RealEstateInvestmentTrusts(REITs),whichprovidesomeofthebesttotalreturnsintheinvestmentworld,alongwithabove–averagedividendyieldsandstableearnings,havebecomeincreasinglypopularwithbothindividualandinstitutionalinvestors.InvestinginREITs,FourthEditionhasestablisheditselfasthedefinitiveguidetounderstandingthisattractiveassetclass.Thebookisinvaluableforinvestors,financialplanners,andinvestmentadvisersinterestedinunderstandingREITsandREITinvestmentopportunities.AstheirearningsanddividendsarebeginningtogrowagainaftertheGreatRecession—andastheyareinauniquepositiontotakeadvantageofdistressedsaleopportunities—nowisanexcellenttimeforinvestorstoconsiderREITsforbothdiversificationandstrongtotalreturns.Theneweditioncovers:AcomprehensivehistoryoftheREITindustryHowREITscomparewithothercompetitiveinvestmentsHowtospotblue–chipREITsandcontrolinvestmentriskHowtovalueindividualREITstocks,andREITsharesgenerallyHowtobuildadiversifiedREITportfolio,directlyorwithREITmutualfundsUnderstandingtherisk–and–rewarddynamicsofcommercialrealestateAssessingnon–USREITsandhowtoinvestinthemImportantnewdevelopmentsandstrategiesintheREITindustryAuthorRalphL.Block,whohasbeeninvestinginREITstocksfor40yearsandiswidelyconsideredaleadingauthorityonREITs,bringsthehistoricalsuccessofInvestinginREITsrightuptodate.ThisbookisanessentialreadforbothindividualsandinstitutionswhodesiretoinvestincommercialrealestatethroughREITstocks.
作者简介:
RalphL.Block,hasbeenanactiveparticipantintheREITindustryforfourdecades,asanindividualinvestor,investmentadvisor,professionalmoneymanager,author,publisher,andconsultant.Mr.BlockiscurrentlytheownerandproprietorofEssentialREITPublishingCo.ForhismanycontributionstotheREITindustry,Blockreceivedthe2004IndustryAchievementAwardfromtheNationalAssociationofRealEstateInvestmentTrusts(NAREIT).
目录:
Introduction.Acknowledgments.PartI:MeettheREIT.Chapter1:REITs:WhatTheyAreandHowTheyWork.TypesofREITs.GeneralInvestmentCharacteristics.HigherCurrentReturns.Summary.Chapter2:REITsversusCompetitiveInvestments.Bonds.ConvertibleBonds.PreferredStocks.OtherHigh-YieldingEquities.OtherRealEstateInvestmentVehicles.Summary.Chapter3:Today'sREITs.TheFirstREIT.TheTaxReformActof1986.UPREITsandDownREITs.REITModernizationActandRIDEA.LendingREITsversusOwnershipREITs.ExpansionofREITPropertySectorOfferings.Summary.Chapter4:PropertySectorsandTheirCycles.UpsandDowns.PropertySectors.Summary.PartII:HistoryandMythology.Chapter5:REITs:MysteriesandMyths.ChangingAttitudestowardREITs.MythsaboutREITs.Summary.Chapter6:AHistoryofREITsandREITPerformance.The1960s:Infancy.The1970s:AdolescenceandTurbulence.The1980s:OverbuildingTheTrollUndertheBridge.The1990s:TheModernREITEraPlusMoreGrowingPains.RecentTrends.Summary.PartIII:InvestinginREITsIntelligently.Chapter7:REITs:GrowthandValueCreation.TheSignificanceofFFOandAFFO.TheDynamicsofFFO/AFFOGrowth.InternalGrowth.HowtoBuildInternalGrowthintoaLease.OtherWaystoGenerateInternalGrowthandToCreateShareholderValue.ExternalGrowth.MoreExternalGrowthAvenues.Summary.Chapter8:SearchingforBlueChips.InvestmentStyles.GrowthREITs.ValueorTurnaroundREITs.Bond-ProxyREITs.TheVirtuesofBlue-ChipREITs.AccesstoCapitalanditsBenefits.TheimportanceofAllocatingCapitalWisely.Summary.Chapter9:TheQuestforInvestmentValue.TheInvestor'sDilemma:BuyandHoldVersusTrading.TheBuy-and-HoldStrategy.REITStockValuation.ValuingREITsasaGroup.Summary.Chapter10:BuildingaREITPortfolio.HowMuchofaGoodThingDoYouWant?DiversificationAmongREITs.TowardAWell-BalancedPortfolio.HowtoGetStarted.Summary.Chapter11InvestinginGlobalREITsandPropertyCompanies.HowtheU.S.REITRevolutionSpreadaroundtheGlobe.MappingtheSizeofGlobalPropertyStockMarkets.TheLong-TermEvidenceSupportingInvestmentsinGlobalRealEstateSecurities.ManagingaGobalRealEstateSecuritiesPortfolio.ThePracticalitiesofInvestingOverseasfortheIndividualInvestor.PartIV:RisksandFutureProspects.Chapter12:WhatCanGoWrong?IssuesAffectingAllREITs.ProblemsAffectingIndividualREITs.Summary.Chapter13:TeaLeaves:SomeThoughtsabouttheFuture.AdditionalRealEstateOwnersWillREITize.IncreasingInvestorDemandforREITs.LargerREITs:IsBiggerReallyBetter?AdditionalNewTrends.SoMuchMoretoCome.Summary.Resources.AppendixA:DeathandTaxes.AppendixB:CaseStudy:FFO,AFFO,FADandCAD.AppendixC:CostofEquityCapital.AppendixD:REITPortfolioManagement.AppendixE:LargestGlobalRealEstateCompaniesasofDecember2010.Glossary.AbouttheAuthor.AbouttheContributors.Index.

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Investing in REITs: Real Estate Investment Trusts, 4th Edition 在房地产投资信托公司投资

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