cheers - essentially if the supermarkets can avoid bankruptcy, we're kosher, as the leasing contracts are long term and current occupancy rates are impressive.
In the meantime AUM is dropping due to declining property values and the asset sale program.
From the Annual - all properties were revalued this year, resulting in a 4.2% decrease in overall book value or $222.6million decline.
At this stage I'll stay on for the dividend, and reassess from there.
MCW Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
