I have been asked online and offline if I would be taking part in the Distribution Reinvestment Plan (DRP) offered by AIMS AMP Capital Industrial REIT.
The price is $1.2421 per unit. This is at a slight discount compared to the closing price of the REIT in the last session which was $1.27 per unit.
The last DRP offered unitholders a price of $1.1622. Shortly after, the unit price plunged to hit a low of $1.085. Could we see a repeat of history? Could unit price plunge lower this time as well?
I did not take part in the last DRP and was waiting to accumulate closer to S$1.00 a unit. Unfortunately, Mr. Market was hungry for AIMS AMP Capital Industrial REIT and buyers overwhelmed sellers after unit price touched a low of $1.085.
So, if we put these pictures together, we could see the REIT's unit price plunge below the DRP's offered price again. How low would the unit price go? This, no one can say for sure but if the opportunity should present itself, for anyone who would like to increase exposure to the REIT, buying then would make sense.
So, am I taking part in the DRP?
Related post:
AIMS AMP Capital Industrial REIT: Scrip Dividend.