Current Price on 14th May 2011 = $0.75
This is just an update (a very late one) on First REIT. Their results were out earlier last month when GE is very hot. Their assets and liabilities have dropped due to the sale of Pacific Cancer Centre. Currently the NAV value is at $0.78 which is higher than the market price.
As said earlier, I am looking at offloading prices above $0.78 because I don't recommend buying REITs which its price are higher than its NAV value. Currently it is moving up very slowly so it gives me time to look out for other anchor investments.