The Russian economy continues to improve, a good level of occupier demand is running well in excess of falling new warehouse supply and FX markets have been relatively calm. Against this backdrop, Raven produced a solid H1 performance and the balance sheet is strongly positioned for further significant acquisition of yielding assets. These have the potential to materially lift our reduced near-term forecasts for earnings and distributions and mitigate the negative effect on current portfolio
31 Aug 2017
Positioned for cash-generative acquisition
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Positioned for cash-generative acquisition
- Published:
31 Aug 2017 - Author:
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Pages:
10
The Russian economy continues to improve, a good level of occupier demand is running well in excess of falling new warehouse supply and FX markets have been relatively calm. Against this backdrop, Raven produced a solid H1 performance and the balance sheet is strongly positioned for further significant acquisition of yielding assets. These have the potential to materially lift our reduced near-term forecasts for earnings and distributions and mitigate the negative effect on current portfolio