property trusts close to end of a/v writedowns

Source: www.theaustralian.news.com.au/business

Turnaround time ... very interesting reading:-

"Credit Suisse analyst Andrew Rosivach, who covers shopping centre owners Westfield and Centro as well as industrial property trust Goodman Group, believed property trusts were getting close to the end of their asset value writedowns."

Link to full article: Please click here!

... but then, this:-

"One analyst, who did not want to be named, predicted asset value writedowns of 10 to 15 per cent for the six months to June 30 and the same again in the December half-year."

Those elusive Analysts who "never want to be named" are usually made up by the Journalist to support whatever spin they wish to put on the story imo., and in this regard her argument was quite weak!

Cheers, Pie :)