30 September 2016 period-end EPRA Net Asset Value

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 6003P Globalworth Real Estate Inv Ltd 21 November 2016  \n\n21 November 2016\nGlobalworth Real Estate Investments Limited \n30 September 2016 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 2016 including its unaudited EPRA Net Asset Value. \nThe unaudited EPRA Net Asset Value as of 30 September 2016 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 €967.5m (30 June 2016: €962.4m) up 0.5% as compared to 30 June 2016, mainly as a result of further capital expenditure incurred in the third quarter of 2016 for the investment properties under development\n•          Loan to Value of 43.7 per cent (30 June 2016: 43.7 per cent) unchanged as compared to 30 June 2016\n•          NAV of €517.4m (30 June 2016: €512.1m) up 1.0% as compared to 30 June 2016\n•          NAV per share of €8.082 (30 June 2016: €8.00) up 1.0% as compared to 30 June 2016\n•          EPRA3 NAV of €585.8m (30 June 2016: €581.4m) up 0.8% as compared to 30 June 2016\n•          EPRA3 NAV per share of €9.15 (30 June 2016: €9.08) up 0.8% as compared to 30 June 2016\n•          Net Operating Income of €33.8m for 9 months ended 30 September 2016 (30 September 2015: €20.1m) up 68% as compared to the same period in 2015\n•          Earnings before tax of €10.5m for 9 months ended 30 September 2016 (30 September 2015: €39.3m) down 73% as compared to the same period in 2015, mainly due to the significant gain on acquisition of subsidiaries in 2015 and the higher level of fair value gain on investment property under development during the 9 months ended 30 September 2015, as a result of the increased level of capital expenditure on properties under development (mainly related to Globalworth Tower, wh...

More updates from Globalworth Real Estate Investments Limited