Introduction Many folks have asked me how to compare REITs. In general, I don’t have a certain fixed formula but use the usual PE, EV/EBITDA and Discounted cash flow. For assets that have predictable cash flows, I tend to compare asset A’s yield versus asset B’s yield. End of the day, we want to evaluate returns of x number of cash flows over a period, per unit risk. We will use First REIT, which I notice have came down a bit, and that I am invested at 77 cents versus Ascendas REIT, some LTA bonds and SGS bonds.   First Real Estate Investment Trust (First REIT) is a trust investing in a portfolio of Indonesian hospitals. The appeal is a defensive sector, rental that is paid in Singapore dollars, long term tenant lease (15 years + 15 years), cheap renewal of land lease. The price of this REIT like most ......