Regular readers might remember a blog from 2018 when I shared a message from a reader:
"I do my own diligence which I think is sound but cannot help but be worried when I see negative things about REITs being posted."
Of course, AK ignored the noise and did his own thing.
If you are new to my blog or cannot remember, read this:
Dumping all my investments in REITs.
More recently, a reader left this comment in my blog:
"Are you still holding this China mall REIT? CRCT?
"Seems to catch a big flu virus.
"Would you be adding to this sick REIT?"
See the comments section of this blog:
Wuhan coronavirus is war and are we ready?
Always ask if a situation that is affecting our investment is permanent or temporary.
Then, we will know what to do.
I have sold a few of my investments in REITs before.
They were always because I thought things could go bad for them and that it would be pretty permanent.
Read this blog where I mentioned Lippo Malls and Sabana REIT:
Cutting losses in S-REITs?
What about the Wuhan coronavirus situation?
It looks like things could possibly get worse before they get better.
Just like how optimism could overshoot on the upside, Mr. Market's pessimism could overshoot on the downside.
Some readers might remember how I accumulated large positions in some REITs during the Global Financial Crisis (GFC).
For example, in a blog back in 2012, I said:
"Off the top of my head, my investments in AIMS AMP Capital Industrial REIT and First REIT appreciated some 40 to 75% in value in the last 3 years.
"This is on top of annual distribution yields of 13 to 17%."
We might not see such numbers again for a very long time unless we expect the Wuhan coronavirus to have the same effect on Mr. Market as the GFC had.
AK is just talking to himself here in ASSI.
AK will not tell anyone when to buy or when to sell.
AK will say that if we are interested in investing for income, REITs are not only relevant but can also be very good investments for us.
See:
Man collects rent from his boss.
You might also be interested in these blogs:
1. Sold Soilbuild REIT.
2. Sold First REIT.
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2 comments:
Hi AK, Reits have taken a beating together with the rest. Hospitality reits are understandable much affected being direct hit and retail reits are fast sliding down these 2 days in particular due to the govt measures announced. Just wondering if you have talked to yourself about them and if there is any change in the fundamentals? How about AA reit which u have a relatively large holding?
Nobody knows for sure how much more damage covid will make but if you have talked to yourself during your free time away from Neverwinter, please do share with me, or your readers.
Thank you and stay safe and healthy! You are probably one of the safest with your shades and surgical mask on.. LOL
Hi Unknown,
I ended up spending more than an hour replying to your comment.
Decided to publish it as a blog instead.
See:
Largest REIT investments updated: COVID-19 meltdown (April 2020).
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