Current Price on 22nd Oct 2010 = $0.95
- Current Yield = 8.17%
- Price-to-book Ratio = 0.972
- Assets per unit = $1.30
- Debt per unit = $0.323
- Gearing = 24.8%
First REIT has delivered a steady stream of income which I like. Their data shows 8.17% yield which is still above my threshold and a price-to-book value which is close to 1.00. Same as Cambridge, it is getting increasingly less attractive due to the increase in price, so I will be looking at whether to offload them.
First REIT has not mentioned anything about acquiring assets from this announcement which I felt was a catalyst to them. Let's see what they have to offer.