Archive for August, 2009
Monmouth Real Estate Investment Corporation
(MNRTA: 7.90 -0.10 -1.25%) is a nice little REIT that just keeps paying out that 15¢ distribution. Funds from operations were 48¢ for the 1st 9 months, handily covering the payout and a nickel above the results from last year. Nice to see a positive quote from a CEO about the direction of the economy:
“As [...]
Home contruction moving foreward
http://www.sacbee.com/topstories/story/2080102.html
The Sacramento Bee article highlights some of the upticks that are occuring in the new home construction market. First, and interesting pickup by Lewis Homes in Reno, NV.
A Lewis venture – Lewis Investment Co. of Nevada – paid $6.6 million for lots that fell into bankruptcy court after the original developer, affiliated with CalPERS, invested [...]
