Based on price at $0.145
Saizen REIT reported their results after the Japan Earthquake where minimal damage is done and all their properties are mostly intact. Yield is slightly lower at 7.17% which is lower than my criteria but maybe it can be offset by its price-to-book ratio. It is about half price.
One major development is the successful repayment of its YK Shintoku is to be fully repaid by this month. With another loan also to be fully repaid, its secured NAV has risen to $0.174 which is higher than it current market price.
Saizen REIT should recapture my attention as one of my investments and I will consider whether to put more money into this REIT.