Conference nyoss1::market_investing

657.0. "FUR - NYSE -7.1% Dividend" by ISLNDS::HUTNICK () Thu Jan 13 1994 13:59

    I'm typically a crazy-man when it comes to investment...meaning I want
    the quick profit/windfall....but I recently bought some shares in a
    company that is just the opposite from my personality.
    
    First Union Real Estate Trust (NYSE - FUR). Price volatility is very
    low and it pays a 7.1 % dividend and has the pass 2-3 years.
    
    It's going for about $10.00 and pays a 0.72 dividend (and my newsletter
    sources say that they expect an increase in the dividend!!!
    
    Unlike most Real Estate trusts, it has selectively picked up on the
    creme of the crop with mid-western minimall and small office park-type
    investments at bargain prices. They then go into them, refurb, and
    begin renting only after they know they will have a high occupancy
    rate. I've got out of all my real estate holdings except this one.
    This one is more 'good' management than anything else.
    
							Mark