I get asked from time to time why I invest in First REIT and not Parkway Life REIT?
Actually, more accurately, people should ask why did I invest in First REIT and not Parkway Life REIT?
Yes, asking when a decision was made matters.
When I was deciding between First REIT and Parkway Life REIT, the choice was a much simpler one.
First REIT was trading at a big discount to NAV and its distribution yield was much higher compared to Parkway Life REIT.
Money should go to where it is treated best, I told myself then.
So, if you guess my entry prices were very low, you are right.
Actually, no need to guess because I have blogged about this before.
As First REIT’s unit price has been declining, many readers have asked me if it is a good time to buy more.
My response was rather predictable …