Thursday, September 9, 2010

Steady Performance

I have been following First Reit for quite some time and I had never invest it because I don't want too much exposure in Indonesia since I have Lippo Maple and I also have Plife in the portfolio. But I think I made a grave mistake. Let's take a look of First Reit.

 
As we can see, it's performance is very steady and I should have invest it long ago. First Reit latest dividend is 1.92 cents and with share price of 0.87, it's annualized yield is 8.8%. And gearing is at 15%. First Reit fits my criteria so I'll buy it if share price falls to 0.85.

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