A-REITs post gains as they continue to focus on basics

08/24/2010 | Bloomberg

Australian REITs such as GPT Group, Charter Hall Group and Mirvac are returning to profitability after adopting strategies that focused on their core competencies. "Over the last 12 months or so, the sector's been focusing on bringing debt levels and gearing down, and going back to the traditional role of a REIT vehicle," says Winston Sammut, managing director of Maxim Asset Management. "That's to be a rent collector."

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