RNY 0.00% 0.5¢ rny property trust

well the occupancy is down to 74% which is terrible and the NTA...

  1. LZA
    1,858 Posts.
    well the occupancy is down to 74% which is terrible and the NTA in USD is down to 44 c and they have 20% of leases expiring in the next 2 years which means about another 6% occupancy loss expected.
    Property values falling which is not a good sign, so the falling AUD is offsetting the losses but the gearing is going up and if they dont turn the ship around debt will bury them.
 
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