"Sure, property has been sold to reduce debt and refinance has...

"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."

The 11c dividend was not paid because the share price was $1 but the share price was $1 because of the 11c dividend.

The dividend was paid from profits made from trading. It was made from more assets but then the interest rates were higher and the debt was larger. So look at the next profit and loss accounts released later this month then make an assessment regarding future profit possibilities.

With the company being managed properly there is no reason why there will not be profits made now that will return the company to the dividend payments equalling those in the past.

The NTA is a figure that is a valuation made by a valuer on the price realised IF the properties were sold. It can be upgraded in the future just as it has been downgraded at present. The properties still exist along with the tennancies and the income in most cases. It is simply a book value. It is not part of the profit and loss of a business.