Dennis Mitchell, CFA Westfield REIT (Australia) WDC-ASX PAST TOP PICK Mar 17, 2009

(A Top Pick March 24/08. Down 36.2%.) Hadn't anticipated the amount of downturn in this name. Sold his holdings because of expected distribution cuts and was down 28%. Now back into it. Good quality name.

Dennis Mitchell, CFA

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Stock price when the opinion was issued

Developers (Real Estate)

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The largest publicly traded real estate name on the planet. Focused solely on enclosed malls in Australia, New Zealand, U.K and U.S. Very strong results out of Australia. Currency is working in your favour.

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Dennis Mitchell, CFA Westfield REIT (Australia) WDC-ASX PAST TOP PICK Mar 17, 2009

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Westfield REIT (Australia)(WDC-ASX)

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