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Gerry i think your right about moving chairs... some REITs are probably looking at the office sector as artificially depressed and a good time to buy... I work for some Saudis who had been reinvesting oil profits into unloved office space, referb'ing and top floors to flats, but they have pulled all their funding for this type of project as the the yields really aren't there at the moment... Their asset manager is pretty clued up and doesn't think office rents/values will be back to pre-covid levels for at least 5yrs!
There seems to be a theme at the moment with REITs swapping into one type of holdings rather than a mix of holdings. So some are selling offices whilst another buys just offices. Both cant be right.
Unless moving the chairs about is seen to be doing something.
I like EPIC due to the regular divi; seems to have less effect of the Share price, so you don't see some silly swings like you do with others who pay out annually or half yearly!
Used to do more buying and selling to take advantage of price movement around ex-div dates, but don't need to with EPIC!
Not really looked at CLI before, see they've been on a downward trend the past few months... might be down to their exposure to offices?!
TimBob, if it keeps falling I might get some more. Added CLI instead today due to the discount to NAV.
This has the better yield and payment schedule so one day I might swap them.
Well I opened my mouth too soon... its on the fall again, but gives us a bit more time to keep reinvesting!
Don't think they are slow to the party on the retail warehousing... if you look at their holdings, its the biggest slice of the pie; I think they have timed it right to be honest, getting out of offices last year would have been a price slaughter, where this year prices have risen back up... Retail warehousing gives better yields even now, so better for the divi and our wallets!!!
The trouble with it rising is I'm less likely to reinvest my dividend.
I see they sold the Bath property and are looking to do more sheds. Are they a bit late to that party. As for 80p it's touched that recently but I expect any dividend rises will get it there full time
Who else is thinking that EPIC looks on course to break the 80p barrier? I think its coming and from the looks, wont be long!
Tempted to cancel my divi reinvestment over the 80p mark and just start to take the cash; as the yield wont be as attractive (well, unless they bump up the divi again; something i think is coming also; just don't know when)...