rrt bought their us portfolio in 2007. at the height of the market, asx building was also bought at height of market with fixed high interest payment.
properties have drop heavily since then, interest rate and rent hav drop but rrt still pay high interest to the banks.
if you are after cheap stock. try cer at 66% leverage or vpg at 33% leverage.
they are more than likely to survive.
rrt is a goner, next valuation will put it under water for sure. that's why the sp is $0.005
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