Many years ago when I decided to reduce my investment in industrial S-REITs, I was faced with the choice of reducing my stake in either Sabana REIT or AIMS AMP Capital Industrial REIT as both were the largest investments in my S-REITs portfolio. Yes, they were both about the same size.
I decided that AIMS AMP Capital Industrial REIT was better run. So, Sabana REIT was given the boot.
Today, AIMS AMP Capital Industrial REIT is my largest investment in the S-REITs universe and a rough back of the envelope calculation tells me that with all the distributions collected over the years, my investment in the REIT is going to be free of cost very soon.
Free? Yes, free!
This is massive for me not only because I like free things but because it is such a massive investment in my portfolio.
If an investment is 2% of our ......