Would AK invest in IREIT Global today?

Reader:
"I read your analysis of IREIT and how your strategy turned out in August 2015. You said that you wanted a minimum of 8% yield to invest in IREIT. So, you waited. At today's price, you would get more than 8%. Would you invest in it today?"





The reader was referring to a blog dated 14 August 2015. If anyone is interested in the background which led to this blog, please read: 
How did IREIT Global's rights issue turn out for AK?

AK:
"Wow! You read that recently? You must be combing my blog's archives! Gambatte! 

"Anyway, back then, my average price was about 66c and, estimating a DPU of 6c today is not unrealistic. So, conservatively, I am getting a 9.1% distribution yield for that investment.

"Actually, as things turned out, less than a week after I published that blog, I increased my investment in IREIT a lot more at 66c and 65.5c.





"On hindsight, I didn't have to go through all that trouble to get IREIT at a lower price during its rights issue but who could have known that Mr. Market would go into a mild depression later in August 2015? I am not saying that it was a bad thing, of course.

"I added to my investment in IREIT again in mid-2016 at 71c a unit which was 7.5% higher than 66c. Even though it was a higher price, I still found the REIT attractive as an investment for income. More recently, I added a bit more to my investment last month, paying 72.5c a unit."

Now, would you invest in IREIT Global today? It depends on what you are after and whether IREIT Global does the job for you.

Related posts:
1. FLT and CRCT added.
2. Projected yield of 8% safe?