Given the backdrop of a very weak economy and Rouble exchange rate, Raven Russia’s model, involving top quality warehouse assets and a focus on mostly the strongest tenants under secure $-based terms of tenure, has resulted in a resilient underlying earnings and cash-flow performance. The NAV has suffered from falling market rents and an increase in yields, but conditions are ripe for an improvement from here. The controlled re-pricing of the portfolio suggests that, with just a stabilisation of ....
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Resilient in Russia
- Published:
14 Mar 2016 -
Author:
Trevor Griffiths -
Pages:
8
Given the backdrop of a very weak economy and Rouble exchange rate, Raven Russia’s model, involving top quality warehouse assets and a focus on mostly the strongest tenants under secure $-based terms of tenure, has resulted in a resilient underlying earnings and cash-flow performance. The NAV has suffered from falling market rents and an increase in yields, but conditions are ripe for an improvement from here. The controlled re-pricing of the portfolio suggests that, with just a stabilisation of ....