REIT followers will have seen that many are restoring dividends cut in the face of COVID last March. I try to track everything from my spreadsheet portfolio of 18 REITs, most of the charts of which appear on ADVFN's CP+ thread.
The one I believe to be best VALUE from an increasing dividend point of view is AIRE.
At 63.5p they stand at a 25% discount to the Dec'20 NAV of 84.68p. They are targeting a return to a 5.5p dividend by Sept'22; delivering a prospective yield of 8.66%.
The other interesting aspect is the 15% stake by Jersey-based Glenstone; acquired by public tender in November last year. Also the appointment in May'20 of the major player M7 as manager. Why? - this for a mini-REIT with a portfolio of just £108m.
The result is the distinct possibility of some sort of corporate activity in the year ahead.
So all-in-all AIRE again looks value after the recent 10% retrace from as high as 71p.
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Alternative Income REIT (AIRE) looking good value...
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- Lemon Half
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Re: Alternative Income REIT (AIRE) looking good value...
SKYSHIP wrote:REIT followers will have seen that many are restoring dividends cut in the face of COVID last March.
In some cases was this a forced decision in order to retain REIT status? Speculation from this time last year was that companies with REIT status would restore their dividends rather sooner than "ordinary" companies might.
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- Lemon Slice
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Re: Alternative Income REIT (AIRE) looking good value...
Personally I took the turn at 69.5p...can never resist a quick profit; and ever eager to move on to the next one looking anomalously cheap versus their peers.
Added the cash from a recent sale of RGL at 84p, then bought into CLS Holdings (CLI), as I posted yesterday on the REIT/Propco thread. Their discount is an obvious attraction as prices climb and discounts tumble all around them.
I strongly recommend watching CLI's Final Presentation - link in my post.
Added the cash from a recent sale of RGL at 84p, then bought into CLS Holdings (CLI), as I posted yesterday on the REIT/Propco thread. Their discount is an obvious attraction as prices climb and discounts tumble all around them.
I strongly recommend watching CLI's Final Presentation - link in my post.
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