Wednesday 16 July 2014


Sold off Sabana REIT and switched to a medical REIT 2 months ago. Sabana has become dearly enervated lately with management unable to find replacement major tenants immediately despite ample time before lease expiry. The management clearly lacks the will to execute strategic moves timely.

Guess it was probably time to tweak my portfolio to be more defensive hence the switch to First Reit. Also started to accumulate more of First Reit and average $1.193 overall. With the announcement of remarkable performance during the last quarter, its share price soar to break the $1.20 barrier.