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Bullboard - Stock Discussion Forum WPT Industrial Real Estate Investment Trust T.WIR.UN

WPT Industrial Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT is engaged in the business of acquiring and owning industrial investment properties located in the United States. Its objective is to provide Unitholders with an opportunity to invest in a portfolio of institutional-quality industrial properties in the United States markets, with a... see more

TSX:WIR.UN - Post Discussion

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Post by SargeX on Feb 20, 2020 6:55pm

Joined the party

My wife & I are retirees living off dividend income and my CPP & OAS. We were holders of NVU.UN which got a take-over offer this morning. One of my investing rules is to sell immediately when an offer is received. This has worked both ways for us over the years.

Anyway. we sold our 3200 shares at $36.48 so got a chunk of dough. I had always hesitated on WIR.U because of the US$. I stumbled on WIR.UN and realized this Cdn$ listing was quite new. I also caught up on this bullboard.

Anyway, we just bought an initital position of 2000 shares of WIR.UN at $19.21. I wouldn't have done this with the Cdn$ option so this is a small example of the dual listing working.

I'll be watching and evaluating bumping up our position in the next months.

Ciao
  Sarge
Comment by Podios2 on Mar 12, 2020 8:25am
I will be joining soon as well nice 4th/ Q
Comment by SargeX on Mar 12, 2020 2:35pm
You'll be getting a much better deal than I did. I bought WIR.UN on Feb 19 at $19.21 and it is now $14.10. Ouch!!  I sold all my NVU.UN when the take-over was announced and tried to find a new home for all the cash. Looks like I should have held NVU until the take-out in Sept. Oh well, who would have known.
Comment by Podios2 on Mar 12, 2020 4:44pm
I have had my eye on this one for a while picked up some at 14 today and will add to my position if it gets lower. Dont think we will go wrong here long term.
Comment by SargeX on Mar 13, 2020 12:40pm
Hey Pod You lucky dog!! Well done. That's a great price. My $19.21 on Feb 20th (right before the start of the correction) doesn't look quite as good.  :-) Good work.   Sarge
Comment by Podios2 on Mar 14, 2020 12:54pm
Let's wait a few months before seeing if it was a good entery point lol I like this reit space just started a position and will add.GLTA
Comment by KR1527 on Mar 18, 2020 10:46am
Trading well below book value now ... :/
Comment by SargeX on Mar 19, 2020 3:10pm
I'm sure it will be fine once things settle down. All the industrial REITs are getting clobbered because Amazon (and maybe others) have stopped shipments.
Comment by Podios2 on Mar 20, 2020 10:24am
We all will get past this in the very near future and look back at this was a good entry point for this and other REITs. GLTA
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