Quarterly Update for H1 2015

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 8453V Globalworth Real Estate Inv Ltd 12 August 2015  \n \n\n12 August 2015\nGlobalworth Real Estate Investments Limited \nQuarterly Update and H1 2015 period-end EPRA Net Asset Value\nGlobalworth Real Estate Investments Limited (\"Globalworth\" or the \"Company\") is pleased to announce its quarterly update for the H1 2015 period-end including its unaudited EPRA Net Asset Value. \nThe unaudited EPRA Net Asset Value as of 30 June 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•          Completed the previously announced acquisition of Green Court Building A\n•          Portfolio Open Market Value (\"OMV\")1 of € 808.8 million (31 March 2015:  €717.1 million) up 12.7% as compared to 31 March 2015, partly as a result of the acquisition of Green Court Building A, a Class \"A\" office building with 19,500 sqm leasable area (€47.6 million valuation increase), and partly due to a valuation uplift from the 31 December 2014 portfolio values, used as the basis of the  31 March 2015 portfolio OMV\n•          Loan to Value of 44.9 per cent (31 March 2015: 42.7 per cent) up 2.2 per cent as compared to 31 March 2015\n•          Net Asset Value (\"NAV\")of € 427.3 million (31 March 2014: € 402.6 million) up 6.1% as compared to 31 March 2015\n•          NAV per share of €7.972 (31 December 2014: €7.50) up 6.2% as compared to 31 March 2015\n•          EPRA3 NAV of € 483.6 million (31 March 2015: €448.4 million) up 7.8% as compared to 31 March 2015\n•          EPRA3 NAV per share of €9.01 (31 March 2015: €8.36) up 7.8% as compared to 31 March 2015\n•          Net operating income of €11.8 million (H1 2014: €3.9 million) up 203% as compared to H1 2014\n•          Earnings before tax of €39.7 million (H1 2014: €76.7 million) down 48.2% as compared to H1 2014, mainly due to the significant gain on acquisition...

More updates from Globalworth Real Estate Investments Limited