SoilbuildReit at $0.66 to give 8% yield?

One of SoilbuildReit’s top tenants that accounts for 5.8% of Soilbuild’s revenue has defaulted. See https://www.theedgesingapore.com/uncertainty-soilbuild-reit-master-lease-tenant-arrears?

Price has dropped about 4%. With a lower DPU, what price should aim to buy?

According to a popular online blogger ASSI, “if the asset remains vacant, with a hypothetical half year DPU of $0.0264, if we demand at least an 8% distribution yield, we would only be buyers at $0.66 a unit”.

$0.66 also happens to be a strong support according to conventional charting theory. The weekly slow stochastics will also be deeply oversold by then to indicate that I will be buying low.