30 September 2015 period-end EPRA Net Asset Value

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 2579F Globalworth Real Estate Inv Ltd 11 November 2015  \n\n11 November 2015\nGlobalworth Real Estate Investments Limited \n30 September 2015 period-end EPRA Net Asset Value\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\") is pleased to announce its update for the nine month period ended 30 September 2015 including its unaudited EPRA Net Asset Value. \nThe unaudited EPRA Net Asset Value as of 30 September 2015 is presented in accordance with the stated intention of the Company to publish its estimated NAV on a quarterly basis. \nKey highlights are as follows:\n•          Portfolio Open Market Value (\"OMV\")1 of € 831.8 million (30 June 2015:  €808.8 million) up 2.84% as compared to 30 June 2015, mainly as a result of further capital expenditure incurred in the third quarter of 2015 for the investment properties under development\n•          Loan to Value of 47.5 per cent (30 June 2015: 44.9 per cent) up 2.6 per cent as compared to 30 June 2015\n•          NAV of € 426.4 million (30 June 2015: € 427.3 million) down 0.21% as compared to 30 June 2015\n•          NAV per share of €7.952 (30 June 2015: €7.97) down 0.25% as compared to 30 June 2015\n•          EPRA3 NAV of € 487.1 million (30 June 2015: €487.54 million) down 0.08% as compared to 30 June 2015\n•          EPRA3 NAV per share of €9.08 (30 June 2015: €9.094) down 0.11% as compared to 30 June 2015\n•          Net Operating Income of €20.1 million for 9 months ended 30 September 2015 (30 September 2014: €7.7 million) up 161% as compared to the same period in 2014\n•          Earnings before tax of €39.3 million for 9 months ended 30 September 2015 (30 September 2014: €83.5 million) down 52.9% as compared to the same period in 2014, mainly due to the significant gain on acquisition of subsidiaries in 20145\n•          EBITDA6 of €38.2 million for 9 months ended 30 September 2015  (30 September 2014: €10.0 m...

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