Hibernia REIT

FY results reflect a stabilisation in portfolio values

  • May 26 2021, 08:35 IST/BST
  • Colin Grant
  • Company Report
  • 5 page(s)
  • Sectors : REITs
  • Companies : Hibernia REIT

Ratings and price correct at time of issue.

  • Hibernia REIT

    Closing Price: 116c

  • RATING 11/11/14

  • PREVIOUS RATING N/A

DAVY VIEW

Hibernia REIT has reported EPRA NTA/share of €1.727, which is 5.2c above our forecast. This was up very slightly in H2 following a decline in H1 as portfolio values stabilised sooner than we had expected. Earnings and dividends were both in line with forecasts. The LTV remains low at 19.5% ahead of its major developments.

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May 26 2021, 08:35 IST/BST

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