Note: Not vested. A few things caught my attention. The unwinding of the CCS is over (October), it is 8 months earlier than when they first projected it to be done by June 2015. From the latest results, CCS costs is 3 mio, and 2.1 mio and 1.8 mio in Q2 and Q1. There is a acceleration in unwinding, yet DPU is increasing since Q1, despite further AUD currency weakness in Q3 compared to Q2. Its operation in Australia (Biggest Contributor) is going from strength to strength since Q1 Occupancy rate is 78.5%; 84.3% to the latest quarter of 87.3% Average room rate is $165; $162 to the latest  quarter of $184. Lets annualized Q2 results (more conservative) without the effect of CCS instead, we would get (1.46 x 4 ) / 70, there would be a yield of 8.3%. Look pretty cool ......