The REIT Makes a Profit Of 19.3 Million After a Revaluation Of Its Assets

1 September 2015 – Expansión

In the first semester, the REIT gained 19.35 million euros, after entering 14,12 million coming from the rental of their property and revaluing its asset portfolio by 6%  to 570.9 million, a figure that has increased to 873 million by the end of August. Of the revenue, 61% came from the holiday shopping centers, compared to 22% from the office buildings and 16.5% of logistic assets. Since its going public in March 2014, Lar España has invested 852.6 million. Yesterday, its shares rose 1.56% to 9.10 euros.

Original story: Expansión

Translation: Lee La

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