Key results to 30 June 2009Second-half earnings of 2.07 cents...

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.

http://www.macquarie.com.au/au/property/mof/investor_centre/performance.htm




From here $0.295 to $0.49 is a 66% gain...wishful thinking.