Some European property trusts valuations have turn up, and now commonwealth Property fund has increased 1.2% and CFS retail trust has increased 1.6%.
People have to start realizing some of the valuations on property were quite low..replacement could be double or more... AEZ continues to get rents which more than cover their mortgages..nad hopefully any surplus is paying down debt etc...
Banks are supportive..so if the next valuations are higher (than 24c NTA) we should see a spike..
Maybe in time ( 1 or 2 years ) they may be able to start distributions even at 1c per year on todays price it gives a 33% return... Remember a few years ago they were paying 5c and more per year...
time should put us back on track
AEZ Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
