Retail Property Has Worst Second Quarter in 30...

Retail Property Has Worst Second Quarter in 30 Years

http://www.cnbc.com/id/25563076

"A growing list of retailers shuttered stores ahead of lease expirations or chose not to renew leases, and as newly completed space hit the market without signed tenants."

$15b of its $50B balance sheet is tied in U.S retail as per the 07 accounts.

Nothing to see here..move along please.

Seperatley..did you know that WDC is now the only REIT that is trading above its stated NTA. Why is that? Faith in Frank perhaps? track record of properties? What happened in '89-'92?

The funny thing about GPT's release today was that they continued the line that its Australian property holdings were performing above expectations...lol