MDT 0.00% 5.2¢ macquarie ddr trust

Macquarie Countrywide just sold out of there US portfolio a few...

  1. 2,899 Posts.
    Macquarie Countrywide just sold out of there US portfolio a few days ago. Cap Rate was 9.10% and I would guess the portfolio was of a higher quality. MDT used 8.40% today but my guess the real cap rate is probably close to 9.40% should they have to sell. Take another $250m or so off the asset base and the equity is virtually worthless I would have thought.

    Very high risk ... those saying the shares are 10% of where they were 12mths ago have got there head in the sand. Gearing can destroy all equity when asset values fall this far.
 
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