Alright, there’s no sense to go crazy. The markets are busy making levels that haven’t been seen in years. My accounts are topping out, now brushing up against their old highs. There’s no sense being dumb.
I went through the positions (except AEC and RGR), easing each one up, until I got the cash amount I needed; dispersed equally across the lot.
CLP announced numbers, and the earnings were very good. However, funds from operations were down, which disturbs me. It could be a simple timing issue, as they just sold a few apartments, and haven’t managed to reinvest the proceeds yet.
Management claims FFO will be almost 40% higher from where it is today by the end of 2013. I’ll give them the benefit of the doubt for now.
Occupancy remains elevated in the multifamily space.
AEC reports February 5, I believe. I expect good things.