NEW YORK, NY -- (Marketwire) -- 08/10/11 -- In the aftermath of S&P's downgrade of the US' credit rating investors are looking for safe havens. Traditionally, high yielding REITs garner attention due to their reliable income. As REITs, these companies are typically not taxed on their income but are required to pay out 90 percent of their taxable income in dividends. The Bedford Report examines the outlook for REITs and provides research reports on RAIT Financial Trust (NYSE: RAS) and NorthStar Realty Finance Corporation (NYSE: NRF). Access to the full company reports can be found at:
In the current environment, it is possible that Retail REIT companies with capital flexibility will seek out distressed properties and make acquisitions if they can get attractive prices. Still, after the economic downturn put many of the over-leveraged out of business, companies may be more cautious.
Meanwhile, companies with exposure in the apartment sector have benefited strongly from a secular shift towards renting as owning a home became either difficult or an unattractive prospect during the downturn.
The Bedford Report releases investment research on REITs so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
NorthStar Realty Finance Corporation is a finance REIT that primarily originates, acquires and manages portfolios of commercial real estate debt, real estate securities and net lease properties. Presently the company pays an annual dividend of forty cents a share for a hefty yield of approximately 11.7 percent.
RAIT Financial Trust manages a portfolio of real estate related assets, provides a comprehensive set of debt financing options to the real estate industry and invests in real estate-related assets. During the second quarter the provision for losses on RAIT's commercial real estate loan portfolio decreased to $1.0 million for the quarter ended June 30, 2011 as compared to $7.6 million for the quarter ended June 30, 2010. RAIT Financial currently pays an annual dividend of 24 cents for a yield of approximately 6 percent.
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