Raven had a fundamentally strong FY18, although headline comparisons were affected by a weaker Rouble and FY17 figures boosted by land sales. End December portfolio occupancy was 89% (FY17: 81%) and local currency rents, ERVs and asset values were all ahead y-o-y. The market outlook is positive - in management’s opinion better than at any time since 2014 - as demand for warehouse and logistics space benefits from both overall economic recovery and eCommerce’s growing importance locally.
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Strong FY18, growing operational resilience
- Published:
01 Apr 2019 -
Author:
Roger Leboff -
Pages:
10
Raven had a fundamentally strong FY18, although headline comparisons were affected by a weaker Rouble and FY17 figures boosted by land sales. End December portfolio occupancy was 89% (FY17: 81%) and local currency rents, ERVs and asset values were all ahead y-o-y. The market outlook is positive - in management’s opinion better than at any time since 2014 - as demand for warehouse and logistics space benefits from both overall economic recovery and eCommerce’s growing importance locally.