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Do You Feel Lucky? 7 Lucky REITs That Yield 7% Plus

Published Wed, 02 Jan 2019 07:00:00 -0500 on Seeking Alpha

"Do you feel lucky, punk?"
Well, before you get angry (for calling you out as a punk), let me remind you that I am referring to the famous line from Inspector Callahan (Clint Eastwood) in the classic movie, Dirty Harry.
In case you missed it (or forgot), Inspector Callahan was tracking a bank robber and the two were confronted with Callahan pointing a 44 Magnum at the crook. Callahan calmly says, 'Do I feel lucky?' Well, do you, punk?

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O.K. Now that I have your attention, I want to provide you with some actionable information that should help you with your New Year’s resolutions. Keep in mind, I have already provided my full New Year’s Resolution, and I can assure you that I was not trying to offend you by calling you out as a punk, my resolution #3,
Be nicer. This might be hard, as I’m already nice. Perhaps this actually means, be tougher when it’s called for, and be able to quickly shift gears, as needed, knowing that others mean well (when they do).”
Most of you know that my objectives as a writer on Seeking Alpha are very clear, and I made that my #7 resolution,
Be more courageous in “calling out” the ugly ducklings - and I mean the ones that never, ever turn into SWANs. These are those REITs that might look good with super high “sucker yields,” but that are not operating with the investor in mind. Curious business practices, slippery dealings, unsettling... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
BLACKSTONE MORTGAGE TRUST 34.60   13.8 2.50 2.48 7.15
IRON MOUNTAIN 35.23   27.7 1.27 2.44 7.08
VEREIT 8.42   0.0 -0.16 0.55 6.72
BLACKSTONE GROUP LP 34.32   15.3 2.24 2.32 6.66
BRIXMOR PROPERTY GROUP 17.95   14.8 1.21 1.12 6.39
KIMCO REALTY 18.17   17.8 1.02 1.12 6.36
BROOKFIELD ASSET MANAGEMENT 45.91   13.4 3.44 0.64 1.37