actually I was listening to Nick Lyons talking about the various businesses GPT is into
http://www-waa-akam.thomson-webcast.net/au/dispatching/?event_id=6884f220a8e6449bf25471b471021a20&portal_id=8d628a4fe40bf8e7fbe0d3b967664ebf
apparently fundamentals that underpin the rents are pretty strong.
vacancy rates are down
guidance for earnings on retail, office and industrial properties actually went up from $502m to $516m
the rest eg jv, old peoples homes in the us, funds management is dragging earnings down to $464m and is responible for the 27% downgrade
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