WFD 0.00% $8.84 westfield corporation

Dividend growth from 12.55c to 12.75c. Although this is now a...

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    Dividend growth from 12.55c to 12.75c. Although this is now a lower AUD rate due to the AUD appreciation, it further demonstrates the health of WFD's business. In my opinion, WFD has been oversold, caught up in the pullback of Australian REITS. There is no property bubble in the UK and US. Furthermore, the prime location of the majority of WFD's centres indicates that there will be continuous human traffic. The amazon scare we have seen recently, whereby all retail and retail associated companies have been hit, is overblown. There is a great development pipeline and positive property revaluations (particularly in the U.K.) have not been factored into the shareprice. Gearing is manageable and management are solid. After a fall like WFD's, the greedy can come out and profit out of the fear.
 
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Currently unlisted public company.

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