Almost EVERY SINGLE property trust in the WORLD is likely to breach covenants in the next year if the deflationary collapse cannot be stopped - and most are much closer to breaching than MCW, which means they will be forced into a property firesale earlier.
The key is to survive the crunch WITHOUT selling property. If it gets to the point where they have to sell there will be nothing left for unitholders as it will be a FIRESALE.
MCW Price at posting:
10.0¢ Sentiment: None Disclosure: Held