AIMSAMP REIT has published its results which start to show the increment of its yield from its redevelopment. I think this is a positive sign and it will move towards my predicted 7.44% yield by the end of the year. 7.44% is my holding zone but I think with this investment climate, it is very difficult to get 8% (only Sabana REIT has that but it is trading at a premium as well)
A good news is that they have started to redevelop another property which will increase its NAV and yield as well. It is a much smaller one but nevertheless a good catalyst. They have a lot more properties which they can redevelop so I am expecting this to be a core strategy for the next few years ahead.
One drawback is that it is now trading at a premium which makes it unattractive. With this pricing, Sabana may be more attractive even if AIMSAMP completes its redevelopment plans. Still thinking.