Raven Russia has produced first half results demonstrating resilience in the face of a challenging market environment, with underlying EPS and fully diluted NAV per share both down 4%. With the portfolio 89% let and no construction projects, the company is preserving its (substantial) cash balances and actively managing lease maturities. This should see the company through the current turmoil in the Russian economy, until the point when the strategic attractions of its Grade A warehouse asset po ....
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Battened down securely and riding out the storm
- Published:
27 Aug 2015 -
Author:
Trevor Griffiths -
Pages:
11
Raven Russia has produced first half results demonstrating resilience in the face of a challenging market environment, with underlying EPS and fully diluted NAV per share both down 4%. With the portfolio 89% let and no construction projects, the company is preserving its (substantial) cash balances and actively managing lease maturities. This should see the company through the current turmoil in the Russian economy, until the point when the strategic attractions of its Grade A warehouse asset po ....