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Vodafone Group Plc.

( ASX:VPG ) - Not Applic

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In-Valadated

December 14, 2007, was the day of infamy in the Australian listed property trust (LPT), or to use the correct international expression, real estate investment trust (REIT) sector, when Centro Property (CNP) hit the wall. Not one analyst saw it coming, although strategists had earlier mostly suggested REITs were a bit of a risk in the credit crunch. Merrill Lynch did downgrade to Sell just before the proverbial hit the fan, but only because Centro called a trading halt. There was no chance to sell anyway.

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