wow, page-22

Problem with LPT's is that they moved away from their core focus. From about Feb 2001 to 2008 the S&P/ASX 200 A-REIT Index was outperforming (actually it was smashing) the S&P/ASX 200 Accumulation Index. In hindsight that really should have been a hint.

these jokers moved away from core business of holding high quality assets that earned good rent (what LPTs are supposed to do) and leveraged to the hilt and began speculating and chasing capital gains. These types of stocks are supposed to be in portfolios for the income they generate.....not astronomical gains!!!! If you got off the train in 20007 or early 2008 GREAT.....but i'd expect the A-REIT Index to underperform against the accumulation index for the next 5 - 10 years.

the LPT's that are left still have leverage or financing issues and cultural problems from a decade of stupidity.

If you are loking for LPT exposure in your portfolio stick to the managers who have gone back to the real business of LPT's......earning RENT!!!