AMB Property disclosed that they had made the triple-play. This company has announced a slashed dividend, layoffs, and cut misc corporate expense bloat.
If you're in Real Estate (REIT) and expecting dividends, you may want to reconsider that train of thought. This is the early cycles of the recession, which will be long and deep ('that's what she said'), and time after time you will see these suckers get dropped like it's hot.
We haven't hit on industrial real estate yet, or at least not notably to my recollection. Let's take a walk through the classes of real estate. First let's start with the easy one: Consumer real estate is decidedly and unarguably toasted, except for 50% of loonbats who think that everyone elses house has depreciated except theirs. Second let's get onto the Commercial real estate, as you can see all the store closings and layoffs you know spending is not coming back in a hurry and no new stores will come in to replace them. Now we have insights into factory closures and idles with confirmed decreased demand for product to be built. What a miserable affair...
Related:
Rumor: Circuit City to close 150 stores within 60 days
Consumer Spending Drops Most In 28 Years
Crisis of Consumer Confidence
Retail Closure and Unemployment
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