KREIT @ $1.08

Sell @ $1.08. No more left. They announced an acquisition yesterday which’ll bring up the gearing to 31.1% (funded by debts). The guaranteed Net Income is $5Mil (est. is $5.5Mil) which for a $100Mil+ property equates to <5% yield. As this is less than current 9%++ yield for KREIT, I don't think it's in shareholders' interest. Decided to sell as the TA experts are also saying STI is going to start a correction soon, haha.. For Gearing of 30% to 35%, I'd prefer Suntec. Buyer '31' – DMG 😀