AIMSAMP REIT is one of my anchor investment (vested with about 34,000 shares). However, recently they have dropped by quite a lot due to the increased risk involving investing in industrial REITs. Here we take a look at the data.
With a yield of 7.77%, I would say that it is quite reasonable although we have Sabana REIT which is yielding at 9.1%. Considering that they have growth potential through AEIs while Sabana REIT does not really have (at least we do not really know). However, if we include the recent acquisition, the yield will be about 8.4% which is high enough.
Price-to-book ratio seems good at 0.931 which means we are buying at 6% discount. This will change if interest rates in US rises. Have to be very careful for this.
I am not switching to other REITs because of the transaction costs involved. The yield is not too low as well. I think I will ride through this difficult period especially 2014 with them unless there are glaring issues involved.