Another post has been made by yours truly on Seeking Alpha. This time I chose to review a competitor of my last review. In this article, I review General Growth Properties (GGP).
General Growth Properties (GGP) is another retail REIT that could potentially represent a future investment. They are a much smaller scale operation than Simon Property Group Inc. but with the smaller scale can come a price advantage when buying into it.
The stock unfortunately offers a smaller yield than the REIT that I last reviewed but remember that diversification is the name of the game if you don't want to get stung.
If you don't want to read the full article, understand the General Growth Properties offers a solid purchase idea if you are looking for a retail REIT with a much smaller NAV ratio than Simon Property Group Inc. (SPG). As the yield is lower than SPG however, it would be important that the investor who chooses to add GGP to their portfolio would probably best find it used in a tax differed portfolio as the tax advantages would be well used with a yield as small as SPG offers at current rates. Full article linked below:
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