📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

BRIEF-GPT Metro Office Fund says asset revaluations result in $26.4 mln uplift

Published 04/04/2016, 09:42 am
Updated 04/04/2016, 09:50 am
© Reuters.  BRIEF-GPT Metro Office Fund says asset revaluations result in $26.4 mln uplift
GMF
-

April 4 (Reuters) - GPT Metro Office Fund GMF.AX :

* Asset revaluations result in $26.4M uplift GMF.AX

* Says the unsolicited proposal was subsequently withdrawn

* "Pro forma net gearing is expected to reduce to approximately 26.6% , from

28.3% as at 31 December 2015"

* GMF decided to undertake an independent revaluation of all of the properties

in the portfolio as at 31 March 2016

* Increase in property values is primarily result of combination of income

growth and tightening in capitalisation rates

* Source text for Eikon ID:nASX7hD68y

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.