CFS Retail Property Trust’s
(ASX:CFX) asset values have eased slightly according to an independent valuation.
Assets have been estimated at about $44 million over the six months to 31 December, representing a 0.9 per cent decrease to its prior book value.
Assets which recorded notable increases included the Chadstone and Rockingham shopping centres. Values for Myer in Melbourne and the Altona shopping centre in Victoria have softened.
The shopping centre portfolio weighted average capitalisation rate has tightened to 6.44 per cent from 6.45 in the previous six months.
CFS Retail Property Trust posted a net profit of $409 million in the 2012 financial year.
