These projections seem perfectly reasonable to me. Given that...

These projections seem perfectly reasonable to me. Given that the last few results have included write downs on investment property (which have never been realized), an economy turning upward, a commercial property market having bottomed & turned up (yesterday's AFR), the new mining division winning significant contracts in WA, a new construction division in SA - a state with it's own resource boom on the horizon thus need for commercial space in Adelaide, so what's not to like? Read the broker reports (the ones on WTP's site & google around the brokers that do cover them & that's not that many) & they all say value closer to $2 now. 12 mths out this could well & truly be $3 inho. And, they pay a great dividend return or better still take the DRP & get a 5% disc on the shares issued - money for jam!