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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Invista RE posts 2008 loss of £3.7m, recurring revenues down only 8%
The UK-based real estate funds group Invista Real Estate, substantially invested also throughout Europe, posted a pre-tax loss of £3.7m for last year, reversing a profit in 2007 of £49.8m mainly as a result of substantial depreciations on its UK portfolio. The group valued its assets under management at year end at ₤6.3bn, down 28% from the ₤8.7bn at the close of 2007. Recurring revenues last year were off 8% at ₤44m. Earnings per share almost halved to 6.3 pence but despite this Invista is holding the dividend at 2.3p