industrial portfolio is actually doing work while retail gets hammered, that's the saving grace here. distributions still solid so the yield isn't fake, just need the rate cycle to turn and some actual tenant demand to come back. at r17.62 not bad if you're playing the long game, once the portfolio stabilises properly then it runs.
been looking at their last set of numbers, industrial is genuinely carrying the load while retail sits there bleeding. what's actually keeping me interested is the distribution yield hasnt collapsed like some of the other reits, so if you're after income while waiting for rate cuts to kick in theres worse places to park cash. r17.62 feels like a reasonable entry if you've got patience for the property cycle to turn, distributions should hold.