16.06.2009 - Real estate trusts look up, at last

From Ibtimes.com.au: Listed property securities are unlikely to quickly return to their once exalted status. However, the AMP's chief economist and strategist, Dr Shane Oliver says they are showing signs of having bottomed. The credit crunch is gradually fading, funding risk is now low, gearing has been reduced, Australian REITs are trading at a huge discount to net tangible assets and they are offering very high yields.......Full Article: Source

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