In an article talking about REITs, IIF got a mention alongside MCW, Charter Hall and GPT as having emerged as the biggest beneficiaries in the resurgence of the sector, gaining more than 150% and as much as 500% since March.
That is selling IIF significantly short as since I invested in it in March it has increased by 724% and although I bought close to the bottom, it had already risen a little before I was able to buy in meaning that it has risen by around 800% since March, 300% more than the AFR claims.
By comparison MCW has risen by 396% since then and although, like IIF, I bought close to the bottom without buying at the bottom, IIF has certainly far outperformed MCW. I can't comment on the other two mentioned by the AFR but it seems that IIF should have been mentioned in its own right having increased so much more than at least MCW if not the other two as well.
In any case it is nice to see IIF get some recognition and some positive press even if it made up just a small passage within a big article on the REIT sector as a whole.
IIF Price at posting:
57.2¢ Sentiment: Hold Disclosure: Held
