VinaLand Limited says it has divested its stake in Project Ceana. The project, acquired by VNL in 2007, is a 7.3 hectare parcel of land located in Dien Ban District, Quang Nam Province and has approval for a future villa resort development. VNL has disposed of its entire stake at a total valuation 12.9% above […]
Schroder Real Estate says its NAV fell from 62.2p to 61.1p over the six months ended 30 September 2016. They are also reporting a 10% increase in underlying EPRA earnings per share to 1.3p. Based on the two 0.62p dividends they declared for the period, dividend cover is 106%. The NAV total return for the […]
HICL Infrastructure reports that over the six months to 30 September 2016 it delivered a 2.5% rise in NAV per share to 145.7p, up from 142.2p at 31 March 2016. Earnings per share were 6.1p (2015: 5.6p). Net operating cash flow of GBP60.9m (2015: GBP58.9m) covered the interim dividends paid in the six month period 1.26 times (2015: […]
Standard Life Equity Income says that, taken in isolation, its headline numbers for the year to 30 September 2016 do not make pleasant reading. The Net Asset Value Total Return for the year was 0.9%. By contrast, the FTSE All-Share Index returned 16.8%. Unsurprisingly, the share price has suffered over the last twelve months. The discount widened […]
Land Securities has published interim figures covering the six months ended 30 September 2016. Adjusted diluted net assets per share fell 1.8% to 1408p. The adjusted diluted earnings per share rose by 4.7% to 24.3p as revenue profits rose 4.5% to £192.5m. The main drivers of increased revenue profits were lower interest costs (which fell […]
McKay Securities has announced its half year results for the six months ended 30 September 2016. Its EPRA NAV at the end of the period was 295 pence per share, down 2.0% (31 March 2016: 301 pence per share). EPRA earnings per share were up 10.3% to 4.3 pence as gross rental income rose by 2.4% to […]
Picton Property Income has bucked a trend of falling capital values post the EU referendum by posting an NAV increase for the six months ended 30 September 2016. The EPRA NAV rose by 1.7% to 78.5p over the period as the portfolio valuation increased by 0.6% against a market backdrop of falling values. They say their outperformance was due […]
Dolphin Capital Investors has entered into an agreement for the disposal of its Playa Grande Golf and Resort project, including the Amanera resort, in the Dominican Republic to Third Point LLC. The deal is being done an enterprise value of EUR140 million which represents a 10% discount to the project’s carrying gross asset value as at […]
Northern Investors’ NAV rose 6.3% from 685.4p to 728.6p over the six months ended 30 September 2016. The share price rose by 33% to 845p, putting the shares on a premium of 16%. Including funds distributed through the March 2016 tender offer (GBP15.3 million) and the July 2016 dividend (GBP0.6 million), the total cash returned to […]
VinaCapital Vietnam Opportunity has made $40m by selling an unnamed asset valued at $60m in their books for $100m. They buyer is a newly formed consortium. VinaCapital Vietnam Opportunity expects to sign and close a Share Purchase Agreement within 21 days. VinaCapital Vietnam Opportunity will receive minimum net proceeds of USD100 million from the sale of the […]
