First REIT have been one of my longest held REIT and its been a rewarding ride. I probably seen its yield on my cost grew over the years to its current 9.62% (refer to existing portfolio here).  According to the well updated Dividend Stock Tracker it currently yields 6.23%. AM Fraser initiate a report this week, stating that there are room for 28 property acquisition to add on to its current asset size, potential AEI to its earliest hospitals. They feel that there are room to go for First REIT. Some how the report highlights the risk more than the advantages. The leases on the hospitals are 15 years with a Singapore CPI based rental growth rate. What we like is the predictability. And what seem so far away seems getting closer 8 years since IPO. The risk AMFraser pointed out is that the lease may ......