Amongst all the REITs I have, these 3 are the worse performing stocks in terms of share price. I call them the Covid brothers. All 3 are way off their IPO price, especially Prime and united Hampshire, both are US based. I wrote about United Hampshire in this post, even the CEO came out to say the high yield is not justified.
I wrote a piece about Elite in this post due to it's all eggs in 1 basket strategy in terms of tenant diversification. I also spoke about why i still chose to invest in it. I didnt write anything about Prime as it's business model is quite common.
Abit of a comparison of how the REIT is doing now compared to IPO times. I even added forex rate to see if there is any correlation between the share price and forex rate. Not that I can see any to say the truth. Both US REITs are down close to 25% whereas Elite is down close to 10%. What did the 3 REITs do wrong to deserve such punishment in terms of pricing?...