This article is from the Australian Property Journal archive
JUST OVER a dozen property companies survived yesterday's market bloodbath.
Following the US Congress’ decision to reject the $US700 billion ($A860 billion) bailout for Wall Street, the local share market, S&P/ASX200 index, fell 4.3% or 206.9 points to close at 4600.5 points – its lowest level in nearly three years – wiping $42 billion off the value.
In Wall Street, $US1.2 trillion was wiped off the share market.
No sector was spared in yesterday’s bloodbath, including the S&P/ASX200 A-REIT sector.
The property trusts sector opened at 1430.5 points and fell to as low as 1359.1 points before recovering.
The index closed 61.3 points or 4.27% lower to 1369.2 points yesterday.
As at September 30, the market cap of the S&P/ASX200 A-REIT index was $69.34 billion – compared to $85.52 billion as at August 30.
The market leader, Westfield which represents over 40% of the index, fell 3.82% or 66 cents to close at $16.64.
Amongst the other top six property groups, Stockland declined 3.57% or 20 cents to close at $5.40 and thirdly, GPT fell 4.89% or 9 cents to close at $1.75.
Top six S&P/ASX 200 A-REIT
|
Name |
Open $ |
Last $ |
Change |
Change $ |
Volume |
|
WESTFIELD GROUP |
16.790 |
16.640 |
-3.82% |
-0.66 |
6,088,578 |
|
STOCKLAND |
5.320 |
5.400 |
-3.57% |
-0.20 |
5,284,740 |
|
GPT GROUP |
1.660 |
1.750 |
-4.89% |
-0.09 |
5,947,344 |
|
GOOD GROUP STAPLE |
2.310 |
2.430 |
-7.95% |
-0.21 |
12,069,745 |
|
DEXUS PROP STAPLE |
1.460 |
1.430 |
-7.74% |
-0.12 |
6,998,464 |
|
MIRVAC GROUP |
2.640 |
2.440 |
-7.58% |
-0.20 |
3,367,831 |
In fact only 17 property companies and trusts managed to go against the trend.
|
Name |
Open $ |
Last $ |
Change |
Change $ |
|
CHALLENGER KENEDIX JAPAN TRUST |
0.960 |
1.100 |
12.24% |
0.12 |
|
CROMWELL |
0.680 |
0.805 |
16.67% |
0.115 |
|
AEVUM LIMITED |
1.550 |
1.750 |
6.71% |
0.11 |
|
THAKRAL HOLDINGS |
0.755 |
0.870 |
13.73% |
0.105 |
|
PRIME RETIREMENT |
0.390 |
0.475 |
18.75% |
0.075 |
|
CHARTER HALL GROUP |
0.835 |
0.880 |
4.76% |
0.04 |
|
CFS RETAIL PROPERTY |
2.050 |
2.250 |
1.81% |
0.04 |
|
MARINER AMERICAN PROPERTY INCOME TRUST |
0.320 |
0.355 |
10.94% |
0.035 |
|
ASPEN GROUP |
1.050 |
1.140 |
2.70% |
0.03 |
|
MACQUARIE DDR TR |
0.250 |
0.310 |
6.90% |
0.02 |
|
ARIADNE AUST |
0.350 |
0.380 |
5.56% |
0.02 |
|
ORCHARD |
0.310 |
0.355 |
4.41% |
0.015 |
|
ING REAL ESTATE COMMUNITY LIVING GROUP |
0.275 |
0.315 |
5.00% |
0.015 |
|
GEO PROPERTY GRP |
0.245 |
0.260 |
4.00% |
0.01 |
|
MACARTHURCOOK PROPERTY SECURITIES FUND |
0.275 |
0.290 |
1.75% |
0.005 |
|
RECORD REALTY |
0.017 |
0.018 |
5.88% |
0.001 |
|
RUBICON JAPAN TRUST |
0.023 |
0.025 |
4.17% |
0.001 |
Meanwhile, over 60 property companies were in the red.
And the gains that Centro and its flagship fund Centro Retail Trust made a day earlier were lost yesterday. Earlier this week, Centro and CER gained an extension of their debt facility which lifted their share prices.
Yesterday, CER shares slipped 20.69% or 3 cents to close at 11.5 cents whilst Centro traded 16.19% or 1.7 cents lower to close at 8.8 cents.
|
Name |
Open $ |
Last $ |
Change |
Change $ |
|
FKP LTD |
4.200 |
3.850 |
-19.62% |
-0.94 |
|
LEND LEASE CORP |
9.450 |
9.180 |
-7.37% |
-0.73 |
|
WESTFIELD GROUP |
16.790 |
16.640 |
-3.82% |
-0.66 |
|
CARINDALE PRP TR |
4.140 |
3.800 |
-8.65% |
-0.36 |
|
GOOD GROUP STAPLE |
2.310 |
2.430 |
-7.95% |
-0.21 |
|
MIRVAC GROUP |
2.640 |
2.440 |
-7.58% |
-0.20 |
|
STOCKLAND |
5.320 |
5.400 |
-3.57% |
-0.20 |
|
MACQUARIE LEISURE |
1.570 |
1.480 |
-8.64% |
-0.14 |
|
BUNNINGS WAREHOUSE PROPERTY TRUST |
1.900 |
1.795 |
-6.51% |
-0.125 |
|
DEXUS PROP STAPLE |
1.460 |
1.430 |
-7.74% |
-0.12 |
|
PEET FPO |
2.250 |
2.260 |
-5.04% |
-0.12 |
|
WATPAC LIMITED |
2.180 |
2.170 |
-5.24% |
-0.12 |
|
GPT GROUP |
1.660 |
1.750 |
-4.89% |
-0.09 |
|
TRAFALGAR CORPORATE |
0.700 |
0.635 |
-11.81% |
-0.085 |
|
HEDLEY |
0.510 |
0.470 |
-14.55% |
-0.08 |
|
TRINITY GROUP |
0.765 |
0.670 |
-10.67% |
-0.08 |
|
BECTON PROPERTY GRP |
0.555 |
0.520 |
-12.61% |
-0.075 |
|
MACQUARIE OFFICE |
0.760 |
0.780 |
-8.24% |
-0.07 |
|
MACQUARIE COUNTRYWIDE |
0.985 |
0.950 |
-6.40% |
-0.065 |
|
ING OFFICE FUND |
1.340 |
1.420 |
-4.05% |
-0.06 |
|
ING REAL ESTATE HEALTHCARE FUND |
0.850 |
0.800 |
-5.88% |
-0.05 |
|
ALE PROPERTY GRP |
2.860 |
2.850 |
-1.72% |
-0.05 |
|
PORT BOUVARD |
0.400 |
0.360 |
-12.20% |
-0.05 |
|
BABCOCK & BROWN JAPAN PROPERTY TRUST |
0.580 |
0.585 |
-6.40% |
-0.04 |
|
MULTIPLEX ACUMEN |
0.460 |
0.460 |
-8.00% |
-0.04 |
|
OAKS HTLS FPO |
0.880 |
0.850 |
-4.49% |
-0.04 |
|
TISHMAN SPEYER |
0.945 |
0.930 |
-4.12% |
-0.04 |
|
VALAD PROPERTY |
0.300 |
0.295 |
-11.94% |
-0.04 |
|
DEVINE LIMITED |
0.800 |
0.795 |
-4.22% |
-0.035 |
|
AUST EDUC UNIT |
0.370 |
0.350 |
-7.89% |
-0.03 |
|
CENTRO RETAIL TRUST |
0.120 |
0.115 |
-20.69% |
-0.03 |
|
LANDMARK WHITE |
0.520 |
0.520 |
-5.45% |
-0.03 |
|
MIRVAC INDUSTRIAL TRUST |
0.205 |
0.180 |
-14.29% |
-0.03 |
|
MULTIPLEX EUROPEAN PROPERTY FUND |
0.410 |
0.400 |
-6.98% |
-0.03 |
|
ABACUS PROP GRP |
0.940 |
0.900 |
-2.70% |
-0.025 |
|
GALILEO JAPAN TRUST |
0.280 |
0.280 |
-8.20% |
-0.025 |
|
AVJENNINGS HOMES |
0.585 |
0.570 |
-3.39% |
-0.02 |
|
BABCOCK & BROWN RESIDENTIAL LAND PARTNERS GROUP |
0.180 |
0.180 |
-10.00% |
-0.02 |
|
CHALLENGER DIVERSIFIED PROPERTY GROUP |
0.575 |
0.600 |
-3.23% |
-0.02 |
|
COMMONWEALTH PROPERTY OFFICE FUND |
1.390 |
1.440 |
-1.37% |
-0.02 |
|
CENTRO PROPERTIES |
0.083 |
0.088 |
-16.19% |
-0.017 |
|
AUSTRALAND PROP |
0.545 |
0.555 |
-2.63% |
-0.015 |
|
ING INDUSTRIAL |
1.360 |
1.550 |
-0.96% |
-0.015 |
|
APN PROPERTY GROUP |
0.485 |
0.490 |
-2.00% |
-0.01 |
|
ING REAL ESTATE ENTERTAINMENT FUND |
0.565 |
0.570 |
-1.72% |
-0.01 |
|
RECKSON NEW YORK |
0.135 |
0.135 |
-6.90% |
-0.01 |
|
OVER FIFTY FPO |
0.810 |
0.810 |
-0.61% |
-0.005 |
|
RUBICON AMERICA |
0.025 |
0.021 |
-19.23% |
-0.005 |
|
RUBICON EUROPE TRUST |
0.018 |
0.016 |
-23.81% |
-0.005 |
|
WESTPAC OFFICE TRUST |
0.355 |
0.355 |
-1.39% |
-0.005 |
|
LIVING & LEISURE |
0.028 |
0.030 |
-6.25% |
-0.002 |
|
RUN CORP LIMITED |
0.038 |
0.036 |
-5.26% |
-0.002 |
|
NATIONAL LEISURE & GAMING LIMITED |
0.011 |
0.011 |
-8.33% |
-0.001 |
Australian Property Journal
