biggest risks?, page-7

In my view, AEZ is much higher risk. (NB - I have not looked at if for a few months)

Last I looked they had a CA deficit of 708m which implied upcoming refi. I recall they had breached some covenants also?
I think leasing was around 91%m LVR was 83% (vey high) and ICR only 1.75x. Also pulled their div.
And my VERY dodgy BS gearignh was very high at around 83%.

Not alot of room there for devaluations and with such a low market cap no ability to raise capital effectively.

NB - as I say I have not reviewed for many months and the status quo might have changed.

IOF on the other hand has gearing around 26%, 93% leasing, ICR of 4.4x and a 4c? dividend with UE around $140m and is cashed up and no refi/covenant risks in the ST?

So for MY money, I would rather take a safer smaller profit trade on IOF than AEZ.