The revaluations are bearing out what analysts are coming to realise... the bottom of the commercial market is/ wasn't as bad as the bears were expecting.
This will be the last of the big writedowns IMO. 1H10 may have a smaller % writedown if any.
Thus the SP/NTA discount will still remain large; with such long WALE for MOF they will come through this recession with most of their leases not having rental declines.
A big postive for MOF IMO..
Cheers John
MOF Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
