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These 4 REITs are trading below book value and paying dividends


Ares . Commercial Real Estate Joint Stock Company (NYSE: acres) is a mortgage-backed real estate investment trust (mREIT) currently at just 78% of its book value.

The market capitalization of the Atlanta-based mREIT is $586 million, a relatively small number for a real estate investment trust listed on the New York Stock Exchange. Cash from operations (FFO) is up 115% this year and FFO results over the past 5 years are up 9.3%. Bank of America Securities issued Buy on Ares in October with a price target of $13. mREIT pays a whopping 12.07% dividend.

based in New York Blackstone Mortgage Trust Inc. (NYSE: BXMT) is a real estate finance company, according to The company’s web site, “originating senior loans secured by commercial real estate in North America and Australia.” The market cap is $3.84 billion and the REIT trades at 0.82% of the book. Working capital this year increased by 184% and the record of the past 5 years is 1.8%. Blackstone Mortgage Trust pays a dividend of 11.08%.

Cousin Property Inc. (NYSE: CUZ) is an office real estate investment trust that currently trades at 83% of its book value. The Atlanta-based company owns and operates properties in Atlanta; Dallas and Austin, Texas; Charlotte, North Carolina; and several similar cities in the Belt of the Sun. Working capital this year increased by 17.1%. The increase in FFO over the past 5 years is 14.8%. Cousins ​​Property is paying a 5.04% dividend.

Franklin Street Real Estate Corporation (NYSEAMERICAN: FSP) trades at 37% of the book. That is far below book value suggesting investors should look carefully before sending money in that direction. The market capitalization for this US Stock Exchange-traded REIT is small for the sector at $283 million. Franklin Street trades at a price-to-earnings ratio of 3.45 and pays a dividend of 1.45%. Working capital this year increased by 186% and FFO growth rate in the past 5 years was 60.6%. Analysts do not expect that growth over the next 12 months.

Weekly REIT report: REITs are one of the most misunderstood investment options, making it difficult for investors to spot incredible opportunities until it’s too late. Benzinga’s in-house real estate research team has worked hard to identify the biggest opportunities in today’s market, which you can access for free by signing up. Benzinga weekly REIT report.

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