looks a bit sick, page-28

The whole REIT sector got dragged down during the week.

Fears of GPT doing a 40% write down helping the fear factor.

BJT early entry into the japanese market assisted in picking quality assets and they didn't buy at the top of the market hence the modest revaluation of only 4.7%.

No debt refinancing until March 2010

137mil in cash

cash flow is good

Eric Lucas buying on market is a strong indicator of how under valued BJT is from an inside knowledge point of view.

purchases as follows;
24 nov 1.6mil between 37.5 & 45
19 nov 682k at 45
13 nov 547k at 46 & 47
31 oct 800k at 40
27 oct 700k between 41 & 45
16 oct 276k between 39.5 & 42
5 sep 600k

Definitely going to double and even triple your money at these levels. However sentiment is extremely fearful but i am happy to take a contrarian position on this one.