Net Asset Backing Valuations
The following table shows the provisional Net Asset Backing (NAB) valuations for each Centro MCS syndicate as at 30 June 2010. The provisional NABs are based on draft unaudited property valuations and draft unaudited financial results to 30 June 2010.
For all Australian syndicates the change in the syndicate NAB from December 2009 to June 2010 predominantly reflects the change in the underlying draft unaudited property valuations of the syndicate magnified by the syndicate’s gearing ratio. The higher the gearing, the greater the amplification of the valuation change on the provisional NAB. For the US syndicates the change in the NAB from December 2009 to June 2010 also reflects the impact of US$/A$ foreign exchange rate movements over the six month period.
|
Syndicate |
Provisional NAB at 30 June 2010 |
Final NAB at 31 December 2009 |
Change vs
31 Dec 2009 |
Change vs
30 June 2009 |
|
Centro MCS 4 |
$1.96 |
$2.00 |
-2.00% |
-7.55% |
|
Centro MCS 5 |
$2.14 |
$2.15 |
-0.47% |
1.90% |
|
Centro MCS 6 |
$1.41 |
$1.45 |
-2.76% |
0.00% |
|
Centro MCS 8 |
$1.97 |
$1.83 |
7.65% |
9.44% |
|
Centro MCS 9 |
$1.00 |
$1.00 |
0.00% |
5.26% |
|
Centro MCS 10 |
$0.86 |
$1.00 |
-14.00% |
-13.13% |
|
Centro MCS 11 (1) |
N/A |
$2.42 |
N/A |
N/A |
|
Centro MCS 12 |
$1.14 |
$1.12 |
1.79% |
7.55% |
|
Centro MCS 14 |
$1.01 |
$0.98 |
3.06% |
0.00% |
|
Centro MCS 15 |
$1.19 |
$1.19 |
0.00% |
0.00% |
|
Centro MCS 16 |
$0.69 |
$0.67 |
2.99% |
-13.75% |
|
Centro MCS 17 |
$1.23 |
$1.21 |
1.65% |
6.96% |
|
Centro MCS 18 |
$1.02 |
$1.00 |
2.00% |
2.00% |
|
Centro MCS 19UT |
$1.06 |
$1.01 |
4.95% |
0.95% |
|
Centro MCS 19NZ/I |
$1.00 |
$0.96 |
4.17% |
0.00% |
|
Centro MCS 20 |
$0.95 |
$0.94 |
1.06% |
4.40% |
|
Centro MCS 21 |
$1.69 |
$1.69 |
0.00% |
4.32% |
|
Centro MCS 22 |
$2.10 |
$2.01 |
4.48% |
1.45% |
|
Centro MCS 23 |
$0.70 |
$0.70 |
0.00% |
-7.89% |
|
Centro MCS 24 |
$0.00 |
$0.00 |
0.00% |
-100.00% |
|
Centro MCS 25 |
$1.60 |
$1.55 |
3.23% |
0.00% |
|
Centro MCS 26 |
$1.64 |
$1.60 |
2.50% |
1.86% |
|
Centro MCS 27 |
$1.08 |
$1.15 |
-6.09% |
-6.09% |
|
Centro MCS 28 |
$0.73 |
$0.73 |
0.00% |
2.82% |
|
Centro MCS 32 |
$0.52 |
$0.49 |
6.12% |
-10.34% |
|
Centro MCS 33 |
$0.69 |
$0.78 |
-11.54% |
-13.75% |
|
Centro MCS 34 |
$0.75 |
$0.75 |
0.00% |
-1.32% |
|
Centro MCS 35 |
$0.26(2) |
$0.24 |
8.33% |
-21.21% |
|
Centro MCS 36 |
$0.24(3) |
$0.24 |
0.00% |
-29.41% |
|
Centro MCS 37 |
$0.56 |
$0.59 |
-5.08% |
-5.08% |
|
Centro MCS 38 |
$0.19(4) |
$0.20 |
-5.00% |
-20.83% |
|
Woodlands |
$1.64 |
$1.66 |
-1.20% |
-1.20% |
(1) Provisional NAB currently not avaliable due to ongoing property sale campaign.
(2) This is the provisional NAB per Investment (based on the original $1.00 invested). The indicative NAB per Unit (based on the remaining units only) = $0.5149.
(3) This is the provisional NAB per Investment (based on the original $1.00 invested). The indicative NAB per Unit (based on the remaining units only) = $0.3750.
(4) This is the provisional NAB per Investment (based on the original $1.00 invested). The indicative NAB per Unit (based on the remaining units only) = $0.2923.
Please refer to the NAB policy contained at the following link:
Centro MCS - NAB Valuation Policy
Disclaimer
The estimate of net asset backing provided in this document is not a promise, warranty or guarantee that the amount could be realised, whether on the sale of a unit in the investment or on a winding up or other realisation of all of the assets and liabilities of the investment. The estimate has been arrived at by the Directors in good faith and taking into consideration all those matters which the Directors consider should be taken into account for the purposes of making an estimate of the sort here made. The Directors make no other representation and give no other warranty in relation to the estimate and expressly disclaim responsibility for any loss that may be occasioned by any person who claims to have relied upon the estimate for any purpose whatsoever.