Yeah, but my question isn't about the relative advantages and disadvantages between REITs and property. It is between calculating yields using the historical purchase price or the current market price. It seems to me that we should always use the current market price to get the true yield. Historical pricing flatters the yield too much, whereas if we cash it in to realize the gain and reinvest everything in something higher yielding compared using current market prices, we should earn more overall.

If you intend to sell and compared the yield, use the existing price or current yield for comparison.
Purchase price yield is irrelevant now.
The yield is based on purchase price, but once intended to sell at existing price, we need to use existing price/sold price yield for comparison.

Eg. you bought A reit at 1.00, DPU is 15cents, yield is 15%.
But now A reit is 3.00, the yield now is only 5%.

If FD rate now is 6%. Your 3.00 sold price will get 6%.
FD rate win in this scenario and being preferred.

Paper gain or not is irrelevant now, as you want the money to chase for yield or working as hard as possible.

hw to count reit div? sunreit 0.017. if im holding 2000 units. i get rm34?

lower den holding normal stock?