It feels like some time since I talked about this stock of mine that takes up a large portion of the portfolio. REIT are as such, when there are no capital events, they do ok. Last year we learnt what rising interest rates can do to investors confidence on REITs. Given the choice now that I am more matured, I would steer clear from them. I would still like them when they are beaten down to an irrational levels. First REIT was the most exposed REIT last year when I did a review of which reits have the highest exposure to floating rates. Since then they have taken steps to push more to fixed income. Always nice to be prudent. One of the main reasons to like this REIT was the long lease tenure, and another is that they used to be so conservatively geared. Its nice to see that ......