This is another blog that started out as a reply to a reader’s comment: HERE.

During the Global Financial Crisis (GFC), I believe the lowest price I paid for AIMS APAC REIT (then AIMS AMP Capital Industrial REIT) was about 17c a unit.

Or was it 13c a unit?

Anyway, at 17c a unit, after a 5 to 1 consolidation that took place some time later, that would be 85c a unit.

If it was 13c a unit, that would be 65c a unit.

Things were pretty bad during the GFC.

Back then, AA REIT was surely trading at a big discount to NAV and there would have been some negative rental reversions too.

However, now, things look like they are worse than what they were during the GFC.

During the GFC, we didn’t have forced shutdown of economies which resulted in