When CMT announced full year results earlier this year it was trading around $2.20 level with a yield of 4.9%. With the recent worries of fed hiking up rates, blue chips and reits got sold down quite a bit. CMT now yields over 5.2% and seems a bit more attractive. 

CMT has done great job of improving rental income year after year as seen by the chart above, however post 2009 the growth rate seems to have slowed down a lot. However given their execellent track record, I think CMT should still be able to maintain growth at around 3% annually. With a 5% yield along with a 3% growth rate, I think investors should be able to ride a 8% or so long term return on CMT.

 
The biggest worries for reits investors is that, higher interest rates would lead to higher cost and thus …