FIRST REIT is currently trading on up trend (Above all 3 Moving Averages and Trending up). So far 20D SMA has been providing a good support. So far $1.20 is the resistance after failing to break for past 2 times –> Mini Double Tops.

Price / NAV = 1.2256 @ Price = $1.18  with 6.3% Yield.

Note: FIRST REIT is not under value but still in the lower range of Price/NAV.

See previous analysis on FIRST REIT.