Literally every REIT is going down right now because of fear and volatility in the air. It seems like it does not matter what industry or type of REIT you are, any high yielding investment is taking it in the shorts lately. Not just REITs either, but MLPs and plenty of CEFs that focus on preferred shares are all struggling. Blood in the water is attracting short selling sharks I think.
clro, i agree. common knowlege. however, i got back in today at 45.48 PPS. my bet is that it is close to bottom even tho we know rising interest rates will impact the stock. nonetheless, the yield is coming up as share price goes down so, here i am again. fortunately i sold at 53.69 and took some nice profit. hope it works this time around too. i also hope there are more getting on board. so far, no. lol.