Sprinkle in some debt and you have REIT's like GPT loosing 90% of peoples capital in the last couple of years.
Do a capital raising, then a share consolidation, and your SP looks OK again, rinse and repeat.
Go to a property lunch sponsored by these guys and you would never think it happened and that they are all geniuses.....i guess they probably are, they all still have their jobs!
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Sprinkle in some debt and you have REIT's like GPT loosing 90%...
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