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Aug 3 2023, 07:10 IST/BST
IRES REIT
Anticipated yield expansion sees NAV reduce by 6.7%
- Sectors : Real Estate
- Companies : IRES REIT
DAVY VIEW
The H1 fall in NAV (-6.7%) to 149.2c is not unexpected as the increasing yield environment was quite well known. The company has seen a good performance in net rental income (NRI) margin in the period, and the new disposals announced today mean the company has almost hit its €100m target for asset sales.
