Future valuations will be up. The stock has two brokers both with buy and strong buy on it.
It's picked as a stock for 2008. See article near the end.
http://www.news.com.au/couriermail/story/0,23739,22935508-3122,00.html
The balance sheet is simple to understand. Yes it is geared but the debt is serviced by quality tenants. If you think this fund is about to go belly up you have rocks in your head.
From my quick scan the yield play is going to be funded by the sale of Mt Gravatt property. Property is booming there.
Well managed...
http://www.global-link.co.nz/article_detail.aspx?id=422
Read the last line of this...
http://business.theage.com.au/those-with-high-debt-on-borrowed-time/20071218-1hus.html?skin=text-only
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