Net property contribution $225.8m $188.3mNet profi t...

Net property contribution $225.8m $188.3m
Net profi t attributable to the Trust $244.0m $455.6m
Distributable earnings $160.6m $125.7m
Distributable earnings per unit 7.94 cents 6.33 cents
Distributions per unit 5.60 cents 5.60 cents
As at As at
31 Dec 07 30 Jun 07
Total portfolio book value $6,252.1m $5,492.6m
Retained distributable earnings(1) $117.8m $65.1m
Gearing ratio – look through basis(2) 44% 40%
Number of units on issue 2,029.3m 1,999.3m
Net tangible assets per unit(3) $1.71 $1.65
Market capitalisation(4) $2,841.0m $3,338.8m


Some trusts are trading at huge discounts.