Babcock & Brown Japan Property Trust also saw a 1 per cent fall in the value of its assets, based on independent valuations.
Of the six properties revalued, a Tokyo office appreciated by 6 per cent, but the remaining 5 properties declined by 9 per cent.
As a result of the revaluations for June 30, BJT's gearing will increase 0.5 per cent to 56.6 per cent.
BJT's unaudited NTA per unit was $1.40 at June 30, compared with $1.21 a year ago
BJT
babcock & brown japan property trust
writedowns, page-4
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