Ann: December 2008 property revaluations , page-5

danhoff, I found your post interesting. 6-7% appears more realistic. BJT reported they have enough leverage for a further 10% fall after the recent valuations before they have to look at selling or injection cash. I can't see that happening. BJT's cash flow and reserves look attractive.

Looking a property graphs, I would be surprised if Japanese property falls any further because it is now already back to 1980's prices and there was no bubble to burst compared to most other countries. That's my view.

It looks to me that on top of their loans BJT has cash & assets worth 4 x their current market value as well as a 13cent yearly divi , so it's a no brainer investment to me.

I wouldn't like to be on property trusts with too higher leverage such as GJT.