This trust is interesting. Growth areas are visible with Capital Green, rental revision. There are 4 risks. 1) Interešt rate hike 2) Falling rental 3) Rising Vacancy 4) Over-valuation To know if growth can offset the risks, let's do some calculation. Capital Green has committed rent of at least $11. Let's take the minimum. Assume full year 2016 of contribution, that is 74.7 mio of contribution. Assume they buy the remainder 60% stake at late 2016, so 2017 will be 112mio of rental rev. Total rev growth for 2 years about 260 mio.  Assume margin of 0.8, Net profits should in the range of 200 mio Most of the interešt cost is fix, so the risk of hike comes when it is refinancing. Assume 0.5 interešt in 2015, further 1% in 2016 and 2 % in 2017. Total increase in finace cost will be 24 ......