What It Owns
In the next week or so I am going to keep reading the 10-Q for the REIT referenced in the last two posts. I want to pick two of its properties and try to figure out exactly how much the REIT has invested in these properites, determine the debt, if any on these properites, and finally try to figure of some kind of return or cash flow figures. I hope to figure a cap rate - net operating income divided by purchase price. I am only going to look at the 10-Q.
Finding this information should take twenty to thirty minutes. I am not sure of any REIT that lists its investment, debt and income in one table, so I am not expecting that, but the data should be disclosed and easy to piece together. I will let you know my findings or whether I threw my hands up in disgust.