The Lemon Fool

richfool wrote:
(I am being tempted by Target Healthcare REIT (THRL). It has an appetising yield of 6.35%, whereas my existing holding of PHP is only yielding:4.76%. The SP of both have been falling over recent months, but PHP more so.)

I'd be interested to know why the SPs have been falling, presumably something has caused a change of sentiment?

RC

ReformedCharacter wrote:

richfool wrote:
(I am being tempted by Target Healthcare REIT (THRL). It has an appetising yield of 6.35%, whereas my existing holding of PHP is only yielding:4.76%. The SP of both have been falling over recent months, but PHP more so.)

I'd be interested to know why the SPs have been falling, presumably something has caused a change of sentiment?

RC

My guess would be that the SP's of REIT's have become vulnerable, because of concerns over their (REIT's) abilities to cope with rising inflation/interest rates and a probable recession. Energy costs may also be a factor with companies holding care homes.

CBRE - Real estate Market Outlook 2023:
https://www.cbre.co.uk/-/media/project/ ... k-2023.pdf