Hello....First of all property shares are coming off their lows and I think banks not performing well has diverted more attention to property shares as well....I am uncertain if at this stage if the former property trusts will be able to retain any of their truly unique features. To me it does not look like it. That said they then would have a great deal more money to invest as the income does not all have to be paid out to unit(?) holders. Therefore FPT and the other four trusts ought to do very well. At this stage PE ratios are meaningless as the natue of REITS has changed so much.
On the charts they all you mention, seem to promise good capital growth. Some are also trying to diversify into industrial properties which I have found gives good income. The only REIT that does not seem to be able to get it quite right is GRT.
offshore reits definitely the winner here - NEPI being a star performer. Local reits are starting to break out - Arrow, Resilient, hyprop to name a few. Resilient probably a good alround bet, because they have stakes in NEPI and are very good at generating revenue out of areas none else will touch
The fact that Resilient holds ROC-castle tells me all I want to know at a descent price.At the moment I am avoiding trusts in former eastern block nations, what with Ukraine being on most of their door steps.