I'd love to get to the bottom of how this works, as its quite messy.
The figure you've just mentioned is not the same number as the "underlying" Revaluation. (Its similar, for sure, but about $6M over).
Also, if you look at the details on how distributions are paid out, and cash earnings calcs toward the end of the annual report presentation that came out mid-year, its shown that a small part of the Revaluation $80M was in fact received as cash.
I'm on holidays this week. I'll be back at my own PC in Sydney with my detailed notes later in the week. I'll post a few more details with page references from reports then.
Unless someone has been in contact with FKP directly & knows exactly what the underlying Revaluation $80M actually is? (From the horses mouth ...)
FKP Price at posting:
$1.37 Sentiment: LT Buy Disclosure: Held
