Key results to 30 June 2009 Second-half earnings of 2.07 cents per unit, ahead of January forecast Core earnings of $185.8 million, down 2% on pcp Distribution of 3.75 cents per unit paid Statutory reporting net loss of $1.37 billion, reflecting unrealised property and derivative revaluations Net tangible assets at $0.49 per unit Balance sheet gearing at 36.9%1 Repaid, refinanced or extended $1.8 billion of debt Portfolio 93%2 leased with weighted average lease term of 4.8 years Average rent review increase of 4% on 48% of the portfolio 104 leases signed over 124,547 sqm.