Australian listed property trusts hit the buffers – at last

But not any more. After a decade in which staid old property trusts beat mainstream equities time and again, the market has fallen dramatically, and rolling five-year returns from LPTs are below the broader market for the first time this century. And how: the LPT sector is down more than 25% in the three months to January 31 and logged a negative calendar year return (–8.4%) for 2007. There might be worse to come. It’s a far cry from the 34.1%