The REIT's yield accretive purchases of five properties last year has helped to push DPU to 2.26c for 1Q 2012. Annualised, this would give us a DPU of 9.04c. Based on the REIT's last closing price of 97.5 per unit, we are still looking at a distribution yield of more than 9%. 9.27% to be more exact. With a NAV/unit of $1.04, the REIT is still trading at a discount to NAV even though its unit price has risen significantly in the last few months. Gearing: 33.9%. Interest cover ratio: 5.5x. Occupancy: 96% to 98.4%. WALE: 2.6 years Weighted average remaining land lease: 39.9 years. The REIT will go XD on 25 April and income will be distributed on 29 May. I would like to see the managers working to increase occupancy and negotiate lease renewals with positive rental reversions this year. ......