31 March 2016 period-end EPRA Net Asset Value

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 6633E Globalworth Real Estate Inv Ltd 20 July 2016  \n\n20 July 2016\nGlobalworth Real Estate Investments Limited \n31 March 2016 period-end EPRA Net Asset Value\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\") is pleased to announce its update for the three month period ended 31 March 2016 including its unaudited EPRA Net Asset Value. \nThe unaudited EPRA Net Asset Value as of 31 March 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 € 950.1 million (31 December 2015: €931.1 million) up 2.04% as compared to 31 December 2015, mainly as a result of further capital expenditure incurred in the first quarter of 2016 for the investment properties under development, including the capital expenditure for the completion of the development of our flagship property, Globalworth Tower\n•          Loan to Value of 43.5 per cent (31 December 2015: 43.9 per cent) down 0.4 per cent as compared to 31 December 2015\n•          NAV of €502.0 million (31 December 2015: €499.7 million) up 0.46% as compared to 31 December 2015\n•          NAV per share of €7.972 (31 December 2015: €7.98) down 0.13% as compared to 31 December 2015\n•          EPRA3 NAV of €572.1 million (31 December 2015: €568.3 million) up 0.67% as compared to 31 December 2015\n•          EPRA3 NAV per share of €9.08 (30 June 2015: €9.08) unchanged compared to 31 December 2015\n•          Net Operating Income of €6.5 million for the three months ended 31 March 2016 (31 March 2015: €4.7 million) up 38% as compared to the same period in 2015\n•          Earnings before tax of €3.6 million for the three months ended 31 March 2016 (31 March 2015: €9.5 million) down 62% as compared to the same period in 2015, mainly due to the significant gain on acquisition of subsidiaries recorded in the three month period to 31 March 2...

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