AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Byline: Robin M. Grugal
In times of economic uncertainty, it's good to have a safe haven for your money.
RAIT Investment Trust might fit the bill. As a real estate investment trust, or REIT, the company must distribute 90% of its earnings to shareholders in dividends to keep its tax-exempt status.
Those monies come from interest earned on loans, rents and proceeds from the sale of real estate investments.
"It's a dividend vehicle," said analyst Michael Grondahl of U.S. Bancorp Piper Jaffray. "Dividend stocks are seen as safe havens in times of economic uncertainties. It's an attractive total return story, combining capital appreciation and income."
Different Than Most
Dividends aren't the only thing RAIT has going for it. Unlike most REITs, which buy and own properties directly, it acts primarily as a mortgage lender.