Certainly you will be somewhat diluted, but think of it this way. The more capital they raise, the more they can put to work. In the end, that means better earnings, albeit spread across a greater number of shares. Keep in mind, that these secondary offerings are an expected dynamic of this business model and in the long run, should enhance shareholder value. This is not a pump and dump kind of stock. Hold for the long term and you may be well rewarded. Relax.