Reits have been in my portfolio for many years. Each year I learn "New Tricks" and pay some school fees. Instead of going through the learning pains, I like to document down what to look for and appears it can be boiled down to 4 pillars
This is critical. While there maybe time for speculation, this is not my cup of tea. The other three below are more inter-connected.
The Managers can do share placement, issue rights, increase borrowing but at the end of the day is how much Dividends Distributed per Share/Unit. An increasing DPU is excellent. A stable DPU is ok in exchange for lesser risk.
Distributed Income/Current Price. If I am happy with the yield, that price is good price to invest.
While I may wait for opportune moment per chart, the timing will not be too long as price correction could be mitigated by dividend distributed.
Chances of higher stock price in the future requires active management of smart managers. This create a forward buffer for my investment. Capital gains should be accorded same recognition as initial amount invested. Money is money regardless gains are capital or not.