$CapitaLandInvest(9CI.SG)

Context

CapitaLand Investment is a Singapore listed real estate investment manager that runs funds and REITs across several countries and pays dividends. It earns recurring fees from managing other people's property assets, which needs less capital than owning everything itself, though its earnings still depend on property markets and fundraising conditions. Its price slid steadily over the past month, which put it on my watchlist.

My trade

I started a small position after the pullback, both for the dividends and because I felt the price had dropped quite far. It's a fresh position so it's too early to say how it will turn out.

Takeaway

Starting with a small amount lets me add more if the price keeps falling and I will watch how the price and dividend develop from here.