Replies to post #11948 on Savvy Trades and Investments

[seeksup]

Ugh.. so much seems cheap out there right now, but hard to know where our overall bottom will be. I think IRT stays "cheap" because of interest rate fears, real or not.

MY appears weak on the ongoing China fears - as unfounded as they may be in relation to MY.

[nelson1234]

2morrow, re IRT, I think that its important to note that IRT was spun off from RAS (publicly traded Rait Financial Trust).

IRT's advisor is RAS, and IRT's management came from RAS. RAS has been a very poor performing REIT in both the short and long term.

For that relationship, I believe, deservedly or not, IRT trades at a discount. I'm just offering you why I think IRT trades trades lower than its peers, not that it should.

Btw, RAS' yield is 13.4%.


best.

[Traderfan]

IRT, any new updates on it? Now making new lows again. Yield must be above 10% already??