FIRST REIT: Long Term Uptrend

FIRST REIT is still on the long term trend as the support at $1.16 looks strong. Currently FIRST REIT is still trading in consolidation mode. As long as FIRST REIT stays above the uptrend support (both green lines), expect more upside with strong fundamental.

FIRST REIT April17-2016

  • Last Done Price = $1.255
  • Price /  NAV = 1.18 (18% Premium)
  • Price /  NAV (High) = 1.71
  • Price /  NAV (Low) = 1.06
  • Distribution Yield (TTM) = 6.78%
  • Gearing Ratio = 34%

See last analysis of FIRST REIT here.

Other Singapore REIT comparison table here.

FIRST REIT: Can the current support hold?

First REIT is currently testing the support for the 5th time at about $1.165. Technically the trend is still down for FIRST REIT. If this support is broken, the next immediate support is at $1.07. However fundamentally, current price with 7.03% distribution yield looks attractive.

2016Jan16-FirstREIT

  • Last Done Price = $1.165
  • Price /  NAV = 1.14 (14% Premium)
  • Price /  NAV (High) = 1.71
  • Price /  NAV (Low) = 1.06
  • Distribution Yield (TTM) = 7.03%
  • Gearing Ratio = 32.9%

See last post on FIRST REIT on Price & Yield Simulation.

Other Singapore REIT comparison table here.

FIRST REIT: Finding Support

FIRST REIT looks like finding a support at 61.8% Fibonacci Retracement Level and maybe forming a Double Bottom. Take note that FIRST REIT is still on the bearish territory as the stock price is trading below the 3 Moving Averages and the 200D SMA starts to turn down.

FIRST REIT Nov19-2015

Simulated DPU Yield base on past 4 Quarters rolling DPU and Price/NAV below.

FIRST REIT Yield and NAV Simulation

See other Singapore REIT Comparison Table here.

If you don’t understand the how to make use of the analysis of this post for your passive income investing decision and identify the risks, learn more about Singapore REIT here.