Still Finding Value in Real Estate Stocks

As a value investor who focuses on assets, I have always been fond of real-estate-related securities. The have a fairly dependable pattern of becoming deeply undervalued when the economy is sour and rising back to a full valuation when business conditions pick up.

This dynamic was exaggerated greatly by the credit and housing crisis that struck in late 2007. The market was practically giving property away in 2009, and I was a happy buyer. The first real estate stock I bought was W.P. Carey (WPC), the large commercial property manager, at a discount to the value of the property in late 2008. To say it worked out well is an understatement. I went on to add hitless real estate investment trusts, shopping centers, office buildings and even industrial property REITS over the next two years, and it has been one of my better moves over the years....572 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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