AT&T Data Center at 402 Franklin Road, Brentwood, USA
On 20 May 2013, I bought Mapletree Industrial Trust (SGX: ME8U) at $1.555 as a novice investor.
Its share price plunged to the $1.20 – $1.30 region for me to incur a loss of more than 20% for the next few months.
Back then, Reits were not a popular financial instrument. All industrial Reits were traded at discounts to NAV.
On 24 Apr 2014, I eventually sold MIT at $1.435. At a loss of 5% after dividends. Buy HIGH Sell LOW.
The share price of MIT rose steadily in the next 6 years in tandem with rising net property income, DPU with quality acquisitions along the way. The share price breached $2 in Dec 2017 and scraped $3 in Dec 2019.
Then comes the market crash in Mar 2020 when its share price dived from $3.04 to $1.87 and then made a V