Looking good this morning/.CER seem to have some issues with...

Looking good this morning/.

CER seem to have some issues with their retail renters, (Circuit City/Linen n Things etc.) but I think this is adequately reflected in the current SP.

I've been looking at most of the REITS and still believe MCW is the strongest.

US grocery + 5.7% this year to Q3 2008, CER has some exposure to this, but MCW is purely anchored to grocery.

Dividend for CER 1.7 cents / 6 cents = 28.3%
vs 8/21 cents = 38% for MCW.

Finally MCW 100.4m NPAT, vs 868m loss for FY08 in CER>


But like I said, its adequately reflected in the SP, so looks like some gains this morning =)

Best of luck to CER and all other REIT holders
-Cali