Added more Lendlease and FCT
Added 1000 shares of LL through PO rights issue at 0.72. Lowering my average cost to 0.753. Added 500 more FCT @ $2.29. Based on the latest quarter results, the NAV increases to $2.31 and the half year dividend increases to 0.06136 which is 0.12272 based on my average cost I am sitting at 5.4% dividend yield. I think fct is undervalue as it is at slightly below nav and providing a 5+% yield. Right now, covid restrictions mostly had been removed and people are going back to offices and also tourists are arriving in SG. I personally went to Hougang Mall last weekend, the crowd there is pretty good. FCT is a pretty good bet on the retail sector. Retail reits often have shorter leases which is good for high inflation times as the reits can asked for higher rent more often then long leases reits like industrials. Meanwhile, also looking to add more MINT, MLT and AREIT.