Ann: Divestment of Casuarina Square, page-3

I am sure it's a great asset but listed REITs seem to have a bias towards east coast assets. To an extent that it's lauded in half yearly reports (I'm thinking specifically of the Charter Hall REITs). It's actually reported as a benefit i.e. "85% of our assets are on the growing eastern seaboard" etc. Like the other states are technically part of Australia but not really relevant. A pity, but unfortunately not unexpected.

The real reason for divestiture I suspect is to recycle the money into logistics properties and re-balance the REIT to less of a bias towards retail. I don't mind the lower exposure to retail through GPT.

Thanks for the podcast episode recommendation. I will look for it and download it. Of course the purchasing company will say their new asset is fantastic! I'm sure it is. As l mentioned, I think the true reason for selling was to re-balance our office / retail / industrial percentages to a higher weighting towards longer WALE commercial industrial property.

This is a great REIT. I would be happy to put some more money into GPT with the recent price weakness. We're about $1.00 below projected NTA and I suspect our funds management will have performed well in 2021. I'm looking forward to/ hoping for a strong earnings result on the 14th.