Pretty disappointed with this position. I had modest expectations but thus far it's managed to fall short and I am scratching my head at how/why it is underperforming my other REIT holdings. I'm going back in to do a thorough review to see what I missed. There must be something I missed in the capital structure that Mr. Market still doesn't like, so we'll see. The underlying portfolio seems to be pretty good and sustainable.
One thing I really do not appreciate is management rewarding themselves with free equity after underperforming their peer group last year.