I like the sound of the following quote from the article."Credit...

I like the sound of the following quote from the article.

"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."

CER and CNP can take heart from the results of the asset sales that they have made so far. Those sales were not far from book values and write downs of that scale are more than compensated for in the SP.