My investment in FLT made more than a year ago has done quite well so far and I would have been quite happy to have them keep the status quo.
Of course, that is not how things work in the real world.
FLT is proposing to buy 21 properties in Europe from its sponsor, most of them German and the rest are Dutch.
Germany is Europe’s strongest economy and that is one reason why I invested in IREIT Global so many years ago.
So, to me, that is a reason to like FLT’s proposal to invest in German properties.
The properties are 100% occupied, are mostly freehold and mostly come with some form of built in rental escalation.
The proposed acquisitions should make FLT more resilient overall, having less concentration risk in terms of geography as well as tenants.
Of course, the most important question to be answered is how is this going to benefit us as retail investors from an income perspective? …