Published:
264
views
Link REIT widens losses to $3.7b in H1 despite higher NPI
NPI rose by 5.8% YoY.
Link REIT widened its losses attributable to unitholders to $3.7b in H1 FY 2023/2024 from $3.4b in the previous year despite reporting higher revenue and net property income (NPI).
In H1, the REIT reported a 6.4% YoY higher revenue of $7.2b and a 5.8% YoY increase in NPI to reach $5.4b.
The increases, however, failed to offset the effects of the REIT's declining fair value.
In H1, the valuation of the REIT's investment property portfolio fell by 2.1% compared to 31 March 2024 to $231.1b.
The REIT attributed the decline to capitalisation rate expansion for most properties.
Read Here
Advertise
Sign Up
