Just trying to revive a bit of discussion on REP. I’m a recent...

Just trying to revive a bit of discussion on REP. I’m a recent investor here because the divvy is good, the tax deferred is good, the buy back is good, the recent $500,000 on market purchase by a director is good, the discount to NTA is great. While commercial RE is being heavily discounted globally I believe it’s more office space than hospitals and essential retail and at any rate our present discount to NTA should more than cover any realistic further falls. I’d prefer a longer WALE but short of a very nasty recession I don’t see our tenants packing up and leaving as they are unlikely to find a better deal on established premises given the relative pricing of new builds.

I dunno, I’m no expert (at anything really) but I would appreciate a few responses that might highlight where I’m wrong or what I’ve missed. Pros and cons? I’m planning this as a long term investment, set and forget, just collect distributions. If interest rates drop then I expect capital appreciation eventually (if the buy backs don’t do that for us on their own).

I feel like I’m missing something because I don’t get why this isn’t being grabbed with both hands by everyone.

thanks to all who reply.