fy09 results presentation ..., page-3

Some highlights from the FY reporting:-

Further mediation of 2 class actions are scheduled for November (from bust to not busted, lol);

Total decline on Valuations is 11.1% of all properties valued as at June 2009 (Independent & Directors Valuations);

57 U.S. & 8 Australian & NZ properties sold;

Earnings are down 25.9%;

Interest expenses up 32%;

Head stock debt is 66%;

Balance Sheet liability has been reduced, but cashflow volatility now exists;

Excellent Australian occupancy rates - 99%;

Australian retail sales growth - 5%;

Australian rental income growth - 4.7%;

US occupancy - 88.7%;

US rental income growth - 2.2% (which is putting pressure on rent spreads);

CNP FY Presentation will be Webcast this morning. Please Register Here!

Cheers, Pie (: