How do you value REITs

In Singapore, many investors are quite conservative and prefer REITs because they offer a high distribution yield of at least 5% which i don't think you can find this rate anywhere in the markets for the liquidity and safe assurance it gives!

However, I would like to engage my readers on this question: "How do you value REITs"? I have included a facebook link below where you can share your answer and see how many people have the same idea as you!

http://www.facebook.com/questions/473452396019397/

REITs have risen quite a far bit over the past year and the dividend yield has naturally came down too. Share your thoughts on which circumstances you will take profits or still continue to hold on to them...