TSX:DIR.UN - Post by User
Comment by
SargeXon Aug 03, 2022 1:37pm
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Post# 34868684
RE:DIR.UN- NAV
RE:DIR.UN- NAVHey Dup
Thanks for sharing your comments on the currency. I didn't really think aobut that side of things but can see how it might affect revenue. I had thought that the Industrail REITs had all gotten clobbered because of extrapolating what was happening to Amazon and a slow down in online purchases.
I think this as it isn;t only DIR that has gotten creamed. It is down 26% YTD but GRT is down 24% and SMU is down 20% so quite similar.
One other thing that I find quite incredible is that when the NAV was $13.69 last year, DIR traded up to $17.60. Now the NAV is $16.64 and it's trading at $12.70.
The markets these days sure don't make any sense. I'm just happy my wife & I are buy & hold dividend income/growth investors. :-)
Ciao
Sarge
duplex5696 wrote: Based on a reported NAV of 16.64 current share price represents a price level 26% below the stated value of the Reit. Investors sold off on DIR over currency concerns related to their European holdings which comprise approximately 45% of total assets.DIR has told me that given the hedges currently in place concern over currency fluctuations has been over estimated.