A nice set of numbers and within expectations. A dpu of 0.5376c will be paid out on 28 June. Annualised dpu of 2.1504c or an annualised yield of 10% based on a unit price of 21.5c. Low gearing of 28.9% and a NAV of 31c make this REIT a very attractive proposition for anyone seeking reliable high yields as a source of passive income.
Technically, there seems to be some underlying support for this REIT. MFI and OBV are both uptrending, although choppy. The MAs are uptrending too. 23c remains the resistance to watch and support has been established at 20.5c. I would very much like to accumulate more units of this REIT.
See presentation slides here.
Related post:
High Yield Portfolio.