Asteroider,I agree. Thi has been heavily sold down - its nearest...

Asteroider,

I agree. Thi has been heavily sold down - its nearest equivalent, IOF, is at half the dividend yield and is basically very similar. I think one of the issues to recently affect the AREIT sector recently is the weak Aussie dollar, which increases effective gearing via making overseas US$ denominated debt more expensive to service.

At least in theory. I think analysts are a bit idiotic a lot of the times; if you've got US property exposures making US$ you get a currency uplift contra to the perceived increased leverage on your debt. In this sense, MOF is actually a bit better off than IOF because IOF doesn't have a lot of US property.

Either way...tentatively...it looks OK. I won't say oversold - this is an ultrabear market after all.