Selling off the centres for 4.1x EBIT is a terrible decision.
And their rationale in the investor day presentation was "uplift in quality and performance of WA portfolio".
What were they thinking?
Profit is the #1 goal.
Quality and performance comes second.
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- Ann: Sale of 25 Centres in WA
Selling off the centres for 4.1x EBIT is a terrible decision....
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