macq
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Post by macq on Jun 29, 2020 8:42:52 GMT
it might be worth a look if your already searching anyway (and the following should be in Red capital letters as a warning) to check Assure (AGR) or Primary Health Properties that invest in GP surgeries and community hospitals etc.DD required but hopefully not all doctors will face time from home or the Govt. shuts medical centres for a few years yet
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jonno
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nil satis nisi optimum
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Post by jonno on Jun 29, 2020 8:47:55 GMT
it might be worth a look if your already searching anyway (and the following should be in Red capital letters as a warning) to check Assure (AGR) or Primary Health Properties that invest in GP surgeries and community hospitals etc.DD required but hopefully not all doctors will face time from home or the Govt. shuts medical centres for a few years yet Agreed, I've upped my stake in PHP since the March drop. Two of my other holdings that have held up well and pay decent divis are HICL and LXI Reit.
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r00lish67
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Post by r00lish67 on Jun 29, 2020 9:44:47 GMT
I started thinking about this (not very hard though) a couple of days ago. There will be a point where distressed assets are put up for sale at an attractive price. I'm not sure I'd want to go so far as to invest directly in such a fund, but maybe if there was a global REIT (or some equivalent) I might be tempted to dabble, or fill up an ISA allowance if things are still going sideways when we get to the next tax year? I was thinking about this a little while ago, and was considering buying iShares Global Property Securities Equity Index Fund (UK) A Acc (yet to buy though). It seemed the most vanilla type of global ETF I could find, which tends to be what I head for in my equity investing generally. It's still reasonably beaten up at the moment. I didn't look into it much however. If anyone has any views for/against it, I'd be interested. Factsheet
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Post by dan1 on Jun 29, 2020 20:15:56 GMT
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Post by nooneere on Jun 29, 2020 20:35:47 GMT
Does anyone see any value anywhere in the current environment? I guess care homes, student accomodation and retail are out of favour. Intu being the prime example! Student accommodation is actually a very interesting one if you are looking for depressed value. It's a sector that is almost guaranteed to recover in due course if you choose an IT such as DIGS (which I recently bought) that invests in sought-after regions where student accommodation is in short supply (e.g. London). The relevant ITs are still on whopping discounts. Retail may never recover, there may be a recession in offices and industrial, but higher education will not disappear. My best purchase during the dip was SUPR, but that has now gone back to its customary premium. But as you say, REITs have suffered more than any other sector and investing here is not for the faint-hearted.
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Post by mememe on Jun 30, 2020 6:44:14 GMT
I added that IShares unit trust to my portfolio last week. It has:
Global exposure (which means quite a lot of US exposure)
Fees of 0.18% (in addition to REITs own charges)
Once my investment is larger I'll probably sell and invest in REITs directly but for now it provides a quick and easy way to add property to my portfolio.
There's also a legal and general unit trust tracker using a slightly different index as well as the ETFs notes above.
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jester
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Post by jester on Jul 1, 2020 9:44:52 GMT
Great variety of input, cheers all.
I'm not really looking for big risk recovery purchases, although I admit I can't decide whether to double down on my New River investments which have tanked from 280 to 60ish ... any thoughts?
As for the potentially more solid purchases to add to my portfolio moving forward, those in the medical field, supermarkets and seeing it through alternate eyes the student accomodation field are all of interest and missing from my current exposure directly.
Of most interest is probably the ishares global tracker which falls more in line with my usual "buy the market" approach. I'm certain I'll purchase this alongside a few of the more specifics!
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jonno
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nil satis nisi optimum
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Post by jonno on Jul 1, 2020 10:05:30 GMT
Great variety of input, cheers all. I'm not really looking for big risk recovery purchases, although I admit I can't decide whether to double down on my New River investments which have tanked from 280 to 60ish ... any thoughts? As for the potentially more solid purchases to add to my portfolio moving forward, those in the medical field, supermarkets and seeing it through alternate eyes the student accomodation field are all of interest and missing from my current exposure directly. Of most interest is probably the ishares global tracker which falls more in line with my usual "buy the market" approach. I'm certain I'll purchase this alongside a few of the more specifics! I got out of New River last year before Covid was even a twinkle in a bat's eye at a decent profit, due to my assessment of the high street situation back then. Personally I have never considered going back in even following it's eye-watering decline and don't intend to. It's human nature to err towards trying to pull back losses on a particular share where you've taken a hit but I've learnt over the years that it's better to put that money to work elsewhere if you have a conviction about something. I've taken a horrible hit on Crest Nicholson, and have been tempted to buy in and try to recoup. I resisted the temptation and invested elsewhere, and so far I have made back half of my losses whilst CN is still languishing. Mind you, the horrible loss still winks at me when I look at my portfolio  
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zlb
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Post by zlb on Jul 1, 2020 15:09:07 GMT
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Post by Deleted on Jul 1, 2020 16:02:19 GMT
My view is to consider corona virus and what we have learnt from it. Shops are reducing, students are reducing, selected wharehouses are rising and German Industry will continue forever.
I continue to back SRE
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jester
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Post by jester on Jul 1, 2020 17:48:57 GMT
jonno I know you are speaking sense about not letting emotions run your decisions. My wonderings stem from why I chose NewRiver over other retail REITs in the first place in that they primarily target the convenience end of the market and it's hard to fathom an 80% hit on that market in the long run, especially as they state they are pivoting into selling spare square footage off for residential. Decisions decisions! @bobo appreciate your input as always, hard to argue with the logic and SRE but I already hold a fair chunk and am looking to ideally diversify my narrow REIT/Infrastructure portfolio!
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Post by brianac on Jul 2, 2020 9:02:40 GMT
Tritax Big Box.
Large warehouses close to major transport infrastucture with long leases to large online retaillers etc.
What's not to like (but DYOR!)
Brian
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daveb
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Post by daveb on Jul 2, 2020 9:12:35 GMT
Yes I wish I'd got more of the Tritax big box and fewer of the other REIT I got, but thought I was diversifying. The trouble with diversifying is, some of what you get does badly.
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Post by Deleted on Jul 2, 2020 11:04:15 GMT
jonno I know you are speaking sense about not letting emotions run your decisions. My wonderings stem from why I chose NewRiver over other retail REITs in the first place in that they primarily target the convenience end of the market and it's hard to fathom an 80% hit on that market in the long run, especially as they state they are pivoting into selling spare square footage off for residential. Decisions decisions! @bobo appreciate your input as always, hard to argue with the logic and SRE but I already hold a fair chunk and am looking to ideally diversify my narrow REIT/Infrastructure portfolio! It is a tricky one, I still hold a sizable First State Global Infrastructure holding but it includes Motorways and OilPipelines and while they have been steady payers in the past I'm not convinced they are safe bets for the future. You might also like 3IN which I used to hold but again for the same reasons I ducked out. So now nothing in portfolio but TRIG and SRE is long term. Certainly the 3IN and First-State managers are pretty good and prices are low.
Trtex et al, I have a friend who has invested pretty consistently in wharehouses near motorways via another player. My concern is that I spent a few years buying and selling big metal boxes (as they are called in the trade). Planning officers will give permission for them at the drop of the hat and so the country is riddled with them. Doncaster and Rotheram are prime examples where the towns are litterally ringed with the things. So your basic asset is worthless. In Bradford we have a company who can raise, plumb, wire and fill one of those in 12 weeks from concrete pour. Just too easy, so no moat.
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Post by nooneere on Jul 19, 2020 12:31:46 GMT
Does anyone see any value anywhere in the current environment? I guess care homes, student accomodation and retail are out of favour. Intu being the prime example! Student accommodation is actually a very interesting one if you are looking for depressed value. It's a sector that is almost guaranteed to recover in due course if you choose an IT such as DIGS (which I recently bought) that invests in sought-after regions where student accommodation is in short supply (e.g. London). The relevant ITs are still on whopping discounts. "Empiric Student Property (ESP) is this week’s biggest riser, its shares jumping nearly 19% after UCAS data showed university applications for the coming academic year had hit a four-year high. The news helped to soothe investor fears over the impact the pandemic could have on student numbers, with repercussions for listed UK student property funds. Total applications rose 2.3% from last year, according to broker Stifel, including a 10% rise in applications from non-EU students. Driven by another year of significant growth in Chinese applicants, the data suggested increased UK-China tensions over issues such as the future of Hong Kong have not yet dampened a key growth group for Britain’s universities." From citywire.co.uk/investment-trust-insider/news/trust-watch-student-surge-and-calls-for-a-merger-purge/a1381669?re=76446&ea=252612&utm_source=BulkEmail_Investment+Trust+Insider+Weekend&utm_medium=BulkEmail_Investment+Trust+Insider+Weekend&utm_campaign=BulkEmail_Investment+Trust+Insider+Weekend#i=4
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