plenty of value in small reits

I quote myself

http://www.hotcopper.com.au/post_single.asp?fid=303&tid=985075&msgid=5508426
"From following CER and other smaller reits, I noticed they never seem to run when the market is running, but rather when the market is down or flat, I am expecting CER to run very soon with a price target of 18c"

They are being re-rated slowly but surely. VPG/CNP/CER/MCW/IIF and so forth

The market appears to have stopped running as hard as the last couple of weeks and now these small caps reits are running. At the moment, I see no need to day trade these as the trend is up, and the upside is huge (over 100% gains) and likely. Many are trading way below NTA and a writeup in property values are expected.

They do have debt problems but banks are now more willing to refinance and nearly all have a decent underlying profit.