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The nature of the property trust sector in Australia continues to evolve, and the BDO Kendalls Listed Property Trust Survey takes this as its theme for the 2007 Edition. Trusts have moved away from the traditional function of owning tenanted office and retail buildings, to be owners of a range of diverse assets such as pubs, childcare centres, healthcare facilities and vineyards.
Title: 2008 Half Year REIT Survey
The hard work is paying off and business is going well, and there are now opportunities available that will help you take the company to the next level and achieve its maximum potential.
Title: To Float or not to Float

Expert commentary

Mergers and acquisitions - Financial due diligence
In the context of mergers and acquisitions the due diligence process covers a wide range of areas including operations, legal and financial matters. The extent of procedures required under each area is dependent upon the nature of the actual transaction. So what needs to be done, why, when and how?

To Float or not to Float
The hard work is paying off and business is going well, and there are now opportunities available that will help you take the company to the next level and achieve its maximum potential.


Business tools

2008 Half Year REIT Survey
The 6 months to 31 December 2007 was a turbulent period for the A-REIT Sector. Since 1 January 2003 the A-REIT Sector has averaged returns of approximately 15% per year. However this era of sustained outperformance came to a shuddering halt in the first half of the 2008 financial year. The S&P/ASX Property 300 Index recorded a negative 8.5% return for the 6 months as the global credit crunch and falling international asset prices hit home. Far from being a defensive sector, as it historically has been in difficult times, the A-REIT Sector has been punished far more than the broader market. In previous half year surveys we reviewed and analysed key trends and benchmarks in the A-REIT Sector without providing the detailed rankings. However, given the significant events impacting on the A-REIT Sector over the past few months we thought it would be relevant and informative to present our full trust rankings for the half year to 31 December 2007.

2008 Half Year REIT Survey
The nature of the property trust sector in Australia continues to evolve, and the BDO Kendalls Listed Property Trust Survey takes this as its theme for the 2007 Edition. Trusts have moved away from the traditional function of owning tenanted office and retail buildings, to be owners of a range of diverse assets such as pubs, childcare centres, healthcare facilities and vineyards.

2006 Half Year Listed property trust survey
The purpose of the half year survey is to review how the LPT sector is tracking for the 2007 financial year. We look at the key trends and benchmarks for the LPT sector for the 6 months to 31 December 2006.

2006 Listed property trust survey
The 2006 year has identified some interesting trends in the LPT sector, notably some outstanding investment returns, sizeable revaluations of property assets and the continued increase in average gearing levels.

2005 Listed property trust survey
In 2005 the survey identifies some interesting trends including the continued increase in average gearing levels, some outstanding investment returns and an increased focus on international expansion of the LPT sector.


Case studies

Listing of internet media company
The client was acquired by another company through a “back door listing” procedure which required shareholder approval and then raised $8 million in equity for it to develop its business further.

Corporate finance team negotiates sale
The client required a strategic partner with appropriate expertise to help achieve their future growth ambitions in return for an equity stake in the company.

Independent accountant’s report
The client offered a hybrid security of up to $50 million that was to be ASX quoted. The hybrid security provides investors an opportunity to potentially convert to stapled securities in the event there is an IPO of the client.


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