REITs should be looked as a long term investment, not short term as they distribute at least 90% of their earnings as dividends, there won't be much increase in their NAVPS.

The EPS decreased is due to the paper loss of the reevaluation of investment property. As long as the occupancy of the properties remain strong at average 90% and above with positive cash flow generation, we will be guaranteed the dividends. The drop of DPU is probably due to the excess dilution due to the private placement previously. Although the injection of Menara Shell into the REIT has increased earnings and cash flow, it wasn't enough to increase the DPU significantly.
With interest coverage of 3.7x, only IGBREIT and SUNREIT has higher interest coverage >3.7x. And they have most of their loan on fixed rate. If management can keep its Gearing low and manage effectively, this REIT can be a long term investment.

Hi guys I just contacted MQREIT, the latest Q3 results will be out by this Friday