it appears that foreigners are now selling REITs in line with the sell off of Euro + US markets and the falling AUD. it seems that in spite of falling int rates elsewhere we are likely to see rises next year.
the NTA was over $1, but l have been burnt buying on NTA in the past so in spite of the bargain dont buy on that alone.
l am really concerned what will happen XD to all the REITs as the negative sentiment could cause another wave of selling down.
we will have to wait for guidance on future dist which are likely to be marked down, if only for prudence.
If US GDP comes out negative in the New Year there will be a rush for the exits, and the Asian sell off could be horrendous considering their rapid rise.
having said that; lets hope for the best !
whats going on, page-3
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