There was a discussion here a while ago about overbuying $O+1.2% and most said when it was under 60 :) and there we are now, overbuying?
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I'd like to buy $O+1.2% for under $58, but even now the price is nice.
Yeah, I'll take a few pieces under 60. Preferably around the price of 58.
For me, buying around $58 is up because I've already overpurchased at that price.
I don't buy as I think high rates and high debt is not good for the reit. If it drops below 50, I would consider it.
It's still too high for me. I believe REITs will go lower. I'm watching $WPC+0.3% in particular.