I have been offered additional units in this leading REIT for 60c each. This is way below the current NTA and the same as the institutional offer.
Given GPT's recent fall from grace and heavy price falls I am somewhat sceptical about taking up this offer. However if the planned future dividend of 7.2c per unit is achieved them its a decent return for more funds invested. I am oin this basis inclined to take it up, and it will reduce my overall current cost per unit.
Its does support the groups debt reduction strategy and the market seemed happy with it given the take up by the institutions. GPT does have a quite a good suite of office and retails assets (plus some recreational and european duds)
Are there any pearls of wisdome out there with supporting or contrary views.