But look at what all the other listed property funds are doing.... falling too!
Its not just IIF its all the trusts.
Very strange as interest rates are going down to 1% in USA so financing should be easy to get.
Most funds hedge their currency exposure so I dont think a loss on exchange rates is behind the fall. In fact as they BORROW in the country they have the property the fall in the Aussie is positive.
No one expects all these properties to become vacent?
IIF Price at posting:
26.1¢ Sentiment: None Disclosure: Not Held