In light of the Lidcombe Distribution Centre sale I've looked at the numbers again:
A 7.0% portfolio yield re-rated to 8.0% in Australian and 9.0% in Canada/Europe equates to NAV per unit of $1.39 (same senario as above)
A 7.0% portfolio yield re-rated to 8.5% in Australian and 9.0% in Canada/Europe equates to NAV per unit of $1.19
Therefore, the NAV per unit should come in at between $1.19 and $1.39 per unit in the results released 25 Feb 09.
Of course, this assumes all their valuations are current. Any outdated valuations remaining on the books are likely to keep the number higher than really is.
IIF Price at posting:
10.8¢ Sentiment: LT Buy Disclosure: Held