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Green REIT reports profit of €43.1m
ISE Quoted Green REIT has reported a profit of €43.1m for the year ended June 2014.
The company, which owns a number of high profile commercial properties in Dublin, added that its total investment was €748m by end June.
Green REIT recorded an investment income yield of 7pc while discussions with lenders on additional debt financing are “well progressed.”
The company said it raised €710m from its initial public offering in July 2013 and secondary offering in May 2014.
It added that it has further headroom to invest €322m into new opportunities.
The firm had NAV of €727.8m, with a NAV per share of 109.1 cents.
The company had a loan to value of 9.2pc on total assets.Source: Irish Independent.
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Green REIT reports profit of €43.1m
ISE Quoted Green REIT has reported a profit of €43.1m for the year ended June 2014.
The company, which owns a number of high profile commercial properties in Dublin, added that its total investment was €748m by end June.
Green REIT recorded an investment income yield of 7pc while discussions with lenders on additional debt financing are “well progressed.”
The company said it raised €710m from its initial public offering in July 2013 and secondary offering in May 2014.
It added that it has further headroom to invest €322m into new opportunities.
The firm had NAV of €727.8m, with a NAV per share of 109.1 cents.
The company had a loan to value of 9.2pc on total assets.Source: Irish Independent.
Click below to read our current issue...
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