SwingTrade Member Forum

[SSKILLZ1]

IRT

I just brought some IRT around $8.45, here is what I like.

1) IRT Pays a healthy of 8.5% divy. Which makes it a nice income producing holding.

2) IRT even after this dilutive event should still earn about .75-.80, Now I feel FV is about $10 instead of $12 like it was before, but the $8.40's reflect those issue now.

What do I think about the RAS thing? Well it clearly was a bit of a costly event for IRT shareholders to get independance (and I'm being nice when I say that), that is for sure. The dilution is not as bad as it looks But it should still knock my expected FFO down about .10-.15. Was it good absolutely not, but the price reflects that in my opinion. All is just my opinion, and I could always be wrong though.