UK's abrdn Property Income Trust NAV per share falls in H1 ahead of liquidation

By Reuters News


Overview

  • UK property trust's H1 NAV per share fell due to costs and asset valuation decline

  • Board is considering delisting and expects to enter liquidation after Far Ralia sale


Outlook

  • Company aims to sell Far Ralia and enter liquidation, returning net proceeds to shareholders

  • Timing and value of Far Ralia sale will impact future shareholder distributions

  • Uncertainty in carbon credit and natural capital markets continues to weigh on investor confidence


Result Drivers

  • ASSET VALUATION - Co said decrease in NAV per share was mainly due to reduction in Far Ralia valuation

  • OPERATING COSTS - Ongoing running costs exceeded interest income, contributing to NAV decline

  • MARKET UNCERTAINTY - Uncertainty over carbon credits and natural capital markets has delayed sale of Far Ralia


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1NAV per share

GBP 0.0298


Reuters Recommended Reads

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  • Sept 16 - Homebuilder Barratt Redrow cuts completions target but firm demand lifts shares

  • Sept 15 - UK's LSL Property Services H1 revenue rises 3%, backs FY outlook


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