re: Ann: Sale of 1100 Hay Street, Perth for $... Macquarie Real...

re: Ann: Sale of 1100 Hay Street, Perth for $... Macquarie Real Estate Presentation today looked very good by all accounts.

I am trawling through REITs at present for LT positions and am keen on some contrary view/ discussion:

Apart from BJT which I am too overweight in (thus shouldn't buy more) MOF is looking like one of the best 'investment grade' REITs out there (as opposed to the ST trading REITs - of which I also have a few).

Distribution yeild based on 4Q 09 ----> 14.3% @ 21c SP
SP relative to Huntley's fair value --> 42% (21c vs 50c)
SP relative to latest NTA figures ----> 33% (21c vs 63c)

I can't find anything else that looks this good (and isn't in a precarious position debt wise).

Any thoughts from the collective HCers? Any others I should be looking at?

Cheers
John