Photo by Anderson Mancini

You might have experienced deja vu before. It has happened to me countless times. Psychic? Maybe but sometimes, things just fall into place in the strangest ways.

Today, I received a payment voucher from my broker on income distribution from First REIT. This is not a very glamorous REIT but I count it as one of the strongest in my portfolio. The generous distribution put a smile on my face.

Then, I wondered if I should blog about First REIT, using it as an example of the type of REIT we want to have in our passive income portfolio. I got home, checked my blog and found two comments from anonymous readers, both stating that they do not like REITs. So, that made up my mind for me.

I first bought some units in First REIT in 2007 for an average price of 75c per unit. Through good and bad years, it faithfully distributed income to unitholders every quarter: Read more…