When CER collapsed in the GFC, people thought it was "gone", but...

When CER collapsed in the GFC, people thought it was "gone", but it has consolidated, refinanced, reduced debt, written off valuations, held back dividends and changed management . I have to agree with BT's analysis that the undervalued listed property sector will be a defensive place to have money invested for a while . There are good days and bad days but Centro retail will continue to get rents from "bread and butter" anchor tennents . people will still buy food and clothes.