In my last post, I talked about why I sold off Croesus Retail Trust and decide to observe this stock from afar. Croesus retail trust is a business trust listed on the SGX currently with a dividend yield of nearly 10% on a high debt to asset leverage. It invests in Japan malls which have rather long master lease with rental escalations. The typical Net Property Income yield is around 6% to 7%. Since my article, management have taken 2 actions. They have taken 2 actions. The first one is to acquire two more malls, and with the first mall purchase, the three malls come with an average NPI Yield of 7.1%. The second is propose to do one more rights issue to internalize the management team. The first action to purchase the mall answers my question that the capital raising done previously was not accretive to existing shareholders. With ......