In QuotedData’s morning briefing 15 August 2024:
- Macau Property Opportunities (MPO) has seen a 12.2% slide in its NAV over the quarter ended 30 June 2024. It blames local developers discounting properties to boost their cash flow. It says that it continues to comply with all banking covenants and Loan to Value ratios.
- Empiric Student Property (ESP) produced fairly flat interim results for the six months ended 30 June 2024 – revenue up 2.7%, EPRA earnings per share unchanged at 2.3p, dividend up 7.7% to 1.75p, NAV +1.7% to 122.8p. It is positive about occupancy prospects for the next term, saying its revenue occupancy for the 2024/25 academic year is currently at 92%, with continued expectation of exceeding 97%. It is aiming for like-for-like rental growth of 6%.
- Marble Point Loan Financing (MPLF) says that, following the reclassification of most of its shares to liquidating shares, it has requested to cancel the admission of its shares to trading with effect from 20 September 2024.
We also have:
JLEN Environmental sells slice of AD portfolio to firm backed by 3i Infrastructure
