US woes to hit Centro shopping malls Source - The Australian Financial review
Centro Properties Group is bracing for the impact of the global market volatility on its US shopping centres. CEO Glenn Rufrano says Centro manages its portfolio carefully and that some recent retail failures in the US are a small proportion of the sector. A Macquarie Research Equities report values Centro shares at no more than $A0.50 and said the company is very sensitive to change. Centro shares closed at $A0.425 on 21 April 2008. Centro is trying to attract large investors as it restructures some of its funds
