Hi RRR,
I think I bought around 80cps back when it was CHP (Calan Healthcare). I guess property trusts aren't that exciting - mostly just owned for the income and a bit of upside if timed right.
In some ways, it is good to see a property trust investing in more property at the cyclical lows, rather than the nasty habit they have of selling into the lows and buying the highs in order to manage distributions and debt covenants. However, the problem I have is that they are buying into Australian property - which is hardly at the same cyclical low and nor is the currency . On that simple basis, I'd question whether the investment has much to add longer term, other than to the (asset based) management fees.
Either way, I find it hard to get passionate about the property stocks - I tend to keep a few for a rainy day. I don't see much need to own more - so any investment in the cap raising will probably not be for the long term.