Wednesday, July 28, 2010

First Reit

Asia's Premier Healthcare Trust

First REIT is Singapore's first healthcare real estate investment trust (REIT) that aims to invest in a diversified portfolio of income-producing real estate and/or real estate-related assets in Asia that are primarily used for healthcare and/or healthcare-related purposes.

First REIT aims to deliver regular and stable distributions and achieve long-term growth in the net asset value per Unit through growth in rental yields and acquisitions.

This dividend darling today moves higher to $0.905 breaking the resistant of previous high. Seeing there is a CD(cum Dividend) on poems then it reminds me it is due for dividend again. Dividend yield as of today on bloomberg is 8.442% (comparing the past dividend given divide by today's closing price). P.s: I have been holding this stock for quite some time.. for long term investing =)

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