looks a bit sick, page-24

Btw, has anyone done a comparison between BJT & CKT?

Both have hedges that are causing a drag on earnings. CKT have re-negotiated the out clause on their's till Oct 2010. I hope BJT can do a similar deal with their counter-parties.

Cap rates for BJT are slightly higher than CKT, but interest rates are also higher.

BJT's occupancy rate is 96%, against 100% for CKT. And CKT has a longer WALE than BJT.

CKT has no re-financing due until 2012. BJT needs to re-finance part of their debt in March 2010.

BJT's gearing is 2-3% lower than CKT.