paint drying time, page-6

she does look good once the paint is dried...

http://www.macquarie.com.au/au/property/mof/investor_centre/investment_objectives.htm

http://www.macquarie.com.au/au/property/mof/portfolio/overview.htm


20 August 2009


Click here to view the presentation (1.5MB)
Click here to view the Appendix 4E (1MB)

Macquarie Office Trust (ASX:MOF) today announced its results for the 12 months to 30 June 2009.

Key results:

Second-half earnings of 2.07 cents per unit, ahead of January forecast
Core earnings of $185.8 million, down 2% on pcp
Distribution of 3.75 cents per unit paid
Statutory reporting net loss of $1.37 billion, reflecting unrealised property and derivative revaluations
Net tangible assets at $0.49 per unit
Balance sheet gearing at 36.9%[1]
Repaid, refinanced or extended $1.8 billion of debt
Portfolio 93%[2] leased with weighted average lease term of 4.8 years
Average rent review increase of 4% on 48% of the portfolio
104 leases signed over 124,547 sqm
Macquarie Office Trust’s Chief Executive Officer, Mr Adrian Taylor said: “Despite difficult market conditions during the year, we have been pleased with the performance of the Trust’s portfolio of high-quality office properties.

“During the period, we implemented a number of actions designed to strengthen the balance sheet, reduce gearing and significantly reduce near-term refinancing risk. As a result of these actions, the Trust is now positioned with an appropriate capital structure to meet the challenges of the current economic environment,” said Mr Taylor.