Property value drop drags Asset Plus into the red
Covid-19 stung Asset Plus with a cancelled capital raise and materially lower property values.
Andrew Bevin
Tue, 16 Jun 2020
Hot Topic
Hawke’s Bay
NZX-listed property fund Asset Plus posted a $14.7 million loss for its 2020 financial year, dragged down by lower property valuations as a result of Covid-19.
Revenue was up 14% to $10.5m but the final profit was down materially on the $3.8m profit it posted the year before.
The revenue
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Andrew Bevin
Tue, 16 Jun 2020
Contact the Writer: andrew@nbr.co.nz
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Property value drop drags Asset Plus into the red
Property,
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