Hi enaz, you seem to be newish to HC so my answer will assume...

Hi enaz, you seem to be newish to HC so my answer will assume that you may also be new to investing.

The attraction of REITs like VCX is that they are tax advantaged- but they must pay at least 90% of 'profits' as a distribution. That is great in the long run. But, it also means that REITs are heavily constrained in funding growth from profits or from using same for reducing debt. So when there is an external shock- the market will look at the debt levels of REITs.

So, covid hits and the punters look at VCX etc and debt levels and ponder- and the SP tumbles. The punters speculate about possible CRs.

Well, in 2020, post covid, VCX did bite the bullet and raised capital to pay down debt to get back to a comfortable 26% debt level.

So, for what it is worth, yes, partly because of the CR and the reduction in debt at that time, I think that VCX can weather further lockdowns etc. And REITs have considerable asset backing.

When there is a CR existing shareholders whinge like the proverbial. The market over reacts. So, I bought VCX and at least one other coy post CR- knowing that the price was a bargain and that the balance sheet, sorry, statement of financial position, was sound. In fact I bought into VCX during the Melbourne lockdown when it was completely unloved- the best time to buy.

I hope that helps. Happy to be contradicted by people who actually know what they are talking about.

IMHO DYOR