Overview

Trust Profile

The MAB Diversified Property Trust (MDPT) is an unlisted Australian unit trust which owns six retail and office properties throughout Australia and two retail properties in New Zealand.

Trust Details

Registered Name: MAB Diversified Property Trust (ARSN 103 463 467)

APIR Code: MAB0001AU

Established: October 2004

Property Details:

8 properties well diversified by property sector and location
83% retail and 17% office
37% NSW, 17% QLD, 20% VIC and 26% in New Zealand^*
Gross assets of $135 million
Weighted average lease expiry of 3.60 years from 30 June 2011
Vacancy of 5.40% as at 30 June 2011
Major tenants include Coles Myer, Woolworths, Australian Government Solicitor, Tyco, Fitness First and in New Zealand K-Mart (Coles Myer), Progressive Limited and The Warehouse Limited.

_{* By value}

NTA: $0.64 per unit as at 31 December 2011.

Strategy: The strategy for the Trust is to hold the remaining 6 assets, in whole or part, for a further period of 2/3 years and allowing for property markets to stabilise and recover.

Distribution Frequency: Quarterly, payable six weeks after quarter end

Income Performance:

Year ending 30/06/2011: 4.00%, 91.8% tax deferred¹
_{(1) past performance is not an indication of future performance}

Year ending 30/06/2010: 3.50%, 100.0% tax deferred¹
_{(1) past performance is not an indication of future performance}

Year ending 30/06/2009: 5.12%, 100.0% tax deferred¹
_{(1) past performance is not an indication of future performance}

Year ending 30/06/2008: 9.0%, 87.5% tax deferred¹
_{(1) past performance is not an indication of future performance}

Year ending 30/06/2007: 9.0%, 87.16% tax deferred¹
_{(1) past performance is not an indication of future performance}

Year ending 30/06/2006: 9.0%, 90.5% tax deferred¹
_{(1) past performance is not an indication of future performance}

Year ending 30/06/2005: 9.0%, 76% tax deferred¹
_{(1) past performance is not an indication of future performance}

For further details see the MAB Funds Annual Reports.