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Company News Summary

Propertylink Group Increases Pro Forma Net Tangible Assets to 93.7 cps

10 Oct 2017  |  09:22:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Propertylink increases pro forma NTA to 93.7 cps

Propertylink Group announced a $37.8m increase in the value of the Group's wholly owned industrial property portfolio following an independent valuation process undertaken as at 30 September 2017. The $37.8m valuation uplift resulted in the book value of the portfolio increasing to $710.1m at 30 September 2017, representing a 5.6% increase from 30 June 2017 on a like-for-like basis. Adjusting for the post balance date events and factoring in payment of the 2H FY2017 distribution of 3.62 cents per security (cps) paid to security holders on 4 September 2017, the Company has 30 June 2017 pro forma Net Tangible Assets (NTA) of 93.7 cps.

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