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The 3 Stocks that I name them as Covid Brothers ( Prime, Elite and United Hampshire)
By Happy REIT Investor  •  July 3, 2022
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?...
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By Happy REIT Investor
A father on career break ( or career suicide) so he can spend more time with the kids and also to refocus his life and career. Random musings ( investment, kids, current affairs, TV shows and what not) of his everyday life as a "full time parent" depending on his passive income to pay for his part of expenses at home. Fortunate to have a very supportive wife ( who by the way prefers me to be at home all the time than to travel for work all the time) and 2 cute kids.
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