The following real estate investment trusts (REITs) are interesting because each one bears a balance sheet not too different from those considered desirable in Benjamin Graham’s classic “The Intelligent Investor.” Graham, of course, is deemed the father of value investing and greatly influenced Warren Buffett, his student at Columbia University.
Each of these REITs is trading at a discount to book value, and each one is paying a dividend of some kind. Obviously, there’s a lot more to consider but, as a starting point for the serious long-term investor, these below-book and dividend-paying REITs may be worth looking at.
