Hope you're right nursery.But with falling property valuations,...

Hope you're right nursery.

But with falling property valuations, higher vacancy rates (most REITs)equates to higher leverage/costs and less return to the investor IMO.

Sure, property has been sold to reduce debt and refinance has taken place which is good, but I believe the 11c dividend was when the share price was somewhere around $1 and the nta much much higher.
Today its a different ballgame, if you can see an 11c dividend in 2 years from a share price of around 9c today then I'm with you, I'll buy couple more mil.and bring on retirement.

But lets be real I can't see this happening...be interesting to see what the nta is worth soon.

I'm holding and hoping for the best...good luck to all.