There is an update on the link below of their two most recent...

There is an update on the link below of their two most recent sales being Marketplace at Flower Mound at Greatwoods Marketplace.

http://www.centro.com.au/Investment+Products/Centro+Retail+Trust/News+and+Reports/Announcements+and+Releases/

Overall, CER's share of the sales is $25.2m.

ABR of two properties as at 31 Dec 08 was as follows:

Marketplace at Flower Mound - $1,374,775
Greatwoods Marketplace - $889,061

Total ABR - $2,263,836

NOI is approx 10% less than ABR (pg 18 of supplemental)

NOI would therefore be $2,037,452.

Cap rate: $2,037,452 / $25,200,000

= 8.1%

Bravo to CER for the sales and well done for informing shareholders on the website.

Cheers