I just own iREIT, an exchange-traded fund that owns a dozen or so Canadian REITs. Got hammered in 2008 but possibly a good entry point at these levels. For US REITs, Vanguard has a comparable ETF.
Do you mind me asking you to reflect on the pros and cons of owning a reit fund (XRE) versus one (or two) of the biggest reits (ie REI)?I own RioCan (REI.UN) as a proxy for the index. It is only 5% of the portfolio but I'm not very interested in paying 0.55% to own XRE.
Pros:Do you mind me asking you to reflect on the pros and cons of owning a reit fund (XRE) versus one (or two) of the biggest reits (ie REI)?
Thanks!
I also hold Calloway, for the exact same reason.I own Calloway due to stable Walmart exposure
HLR suspends their distribution now RYL (held by the REITinvestor fund) cuts their distribution. INN reported awful as well.Short moves into the hotel REIT's could be a wise. Hotels are getting pummeled.