DPU for 4Q 2011 is 1.93c which is another bumper distribution! The REIT will go XD on 1 February and the income distribution is payable on 29 February. This includes distribution coming out of a portion of the total gains on divestment of the Adam Road property of about S$8.7 million. Without such a return of capital, the DPU for 4Q 2011 is 1.61c. Annualised DPU is, therefore, estimated to be 6.44c. To calculate a more realistic distribution yield, we have to use this number. At the unit price of 77c, we get a distribution yield of 8.36%. NAV/unit: 80.5c Gearing: 16% Interest cover ratio: 12.3x Technically, volume has been rising but price has plateaued at 77c which seems like a difficult resistance to overcome. How would Mr. Market react to the REIT's results? Could we see price action breaking resistance at 77c and going ......