Perpetual’s year-end results were largely as expected with no significant surprises in the fourth quarter results. Year-end reserves were also in line with expectations, down in all categories y/y, primarily as a result of the disposi on of the Company’s West Edson assets in the second quarter. Management did not provide much in the way of revised 2016e guidance, other than noting the Company plans to spend $6 mm in 1Q16. We have updated our forecast and NAV methodology, poin ng towards another ....
04 Mar 2016
Reports year-end Results
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Reports year-end Results
Perpetual’s year-end results were largely as expected with no significant surprises in the fourth quarter results. Year-end reserves were also in line with expectations, down in all categories y/y, primarily as a result of the disposi on of the Company’s West Edson assets in the second quarter. Management did not provide much in the way of revised 2016e guidance, other than noting the Company plans to spend $6 mm in 1Q16. We have updated our forecast and NAV methodology, poin ng towards another ....