Goodman Property Trust says it may look to sell more properties due to the recession.
The industrial property investor has posted a loss of $74 million due to a 10% drop in the value of its properties.
Its distributable profit is $83.8 million, meaning investors will receive a cash distribution of 10 cents per unit.
Goodman says it has sold $50 million worth of properties and has another $57 million worth under contract.
Chief executive John Dakin says the trust views asset sales as the best way to improve its balance sheet.
The trust refinanced debt totalling $902 million at the end of last year, before credit markets tightened further.
