First Property has announced its HY19 interim results, reporting a c.21% increase in adj. NAV to 62.2p and a c.5% increase in dividend. The increase in NAV was mainly attributable to the valueuplift achieved on the refinancing of Krakow Business Park earlier this year, a strong reflection of the company’s active approach towards managing its assets. While the adjusted NAV was ahead of our originally forecasted 59.2p for the full year, we note this was due to a lower than anticipated sha
22 Nov 2018
HY19 Interims
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HY19 Interims
First Property Group plc (FPO:LON) | 19.6 0 0.0% | Mkt Cap: 21.7m
- Published:
22 Nov 2018 -
Author:
Kunal Walia -
Pages:
5
First Property has announced its HY19 interim results, reporting a c.21% increase in adj. NAV to 62.2p and a c.5% increase in dividend. The increase in NAV was mainly attributable to the valueuplift achieved on the refinancing of Krakow Business Park earlier this year, a strong reflection of the company’s active approach towards managing its assets. While the adjusted NAV was ahead of our originally forecasted 59.2p for the full year, we note this was due to a lower than anticipated sha