First REIT announced their first quarter 2013 results. You can view the results here.

Nothing out of the ordinary but revenue was way better due to the full quarter contribution from their purchase late last year, which only contributed one month in the last quarter.

The latest acquisition, which increases the asset size by 25%, is not factored in and will only contribute probably end quarter 2, so we won’t see them fully factored in.

There are also some asset enhancements taking place in Singapore, scheduled to be completed in quarter 2 as well. This, I don’t think I am expecting a large contribution.

The payout this quarter is 1.74 cents, which First REIT annualize to 7 cents ( I annualized it and only got 6.9 cents!)

Even if 7 cents, the current yield, as observed on my Dividend Stock Tracker, is 5%.  To ...