Wow..book values have just been released and IOF states book...

Wow..book values have just been released and IOF states book values have only slipped by 20bp..lol

Believes the cap rates on their European assets are unchanged? Funny. As MOF have increased their cap rates on their European assets by 30bp..and they say that was just covering between May and August. Go figure.

Funniest of all is that IOF warn that cap rates are ikely to slip further in the near term. So why not book it now?

Talk about creative accounting. But management will pay...stretching out the pain only serves to streatch out the pain for their suffering unit holders.