Lunch-break Updates: First REIT and Sabana REIT

Share prices of both First REIT ($0.755) and Sabana REIT ($0.945) have steadily firmed up along with the generally positive market sentiment. In fact, for First REIT, the gain in share price since 19 Apr (before result announcement) has already out-paced the amount of distribution declared (2 cts vs 1.58cts). We are still very positive on the prospects of First REIT but will be looking for good opportunities to divest our investment and recycle the capital for even greater returns. As for Sabana, the share price has risen 1.5 cts today but we are optimistic that it will rise even more if the bumper distribution that we are anticipating is to materialize on the 27 Apr (less than two days from now).