I took the chance to get out of another REIT that I had been regretting with a smallish profit. Last weeks dip allowed me to double my holding here at what hopefully will prove to be the low- for a while. And the dividends keep coming in.
REIT- because of their structure are at an obvious risk when interest rates rise. On the other hand, they have leverage in a higher inflation environment. Leveraged real assets appreciate with inflation- all else being equal- in the long run.
Yes, the SP could go down if the macro goes pear shaped. The Australian economy is well positioned for any sort of global recovery.
IMHO DYOR
SGP Price at posting:
$3.61 Sentiment: Buy Disclosure: Held
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