INVL Baltic Real Estate announces forecast results, which compilation was evaluated by PricewaterhouseCoopers UAB.
According to the forecast results, INVL Baltic Real Estate plans that in 2017, the company's net operating income will reach 2.57 million EUR and will be 28 percent higher than in 2016, and net profit will reach 3.6 million EUR and will be 20 percent less than in 2016.
Meanwhile, compared with 2017 forecast, it is estimated that the indicator of the net operating income of the company will grow by 43 percent in 2018 and will amount to 3.69 million EUR. The net profit will amount to 2.57 million EUR.
While concluding the 2018 forecast, the fair value of investment properties and success fee provisions were not predicted. Meanwhile, while concluding the 2017 forecast, 2.3 million EUR positive change in the fair value of investment properties was added, 1.2 million EUR from which arisen from a revaluation of assets carried out in October 2017.
In addition, it is assumed that at the end of 2017, the net asset value per share of INVL Baltic Real Estate will amount to EUR 0.5155 and will be 9 percent higher than in 2016, and at the end of 2018, after estimating a dividend distribution forecast of EUR 0.026 per share (with a nominal value of EUR 0.29), it will amount to EUR 0.5285.
Other forecasts and their assumptions are presented in the attached document.
The person authorized to provide additional information:
Real Estate Fund Manager of the Management Company
Vytautas Bakšinskas
E-mail vytautas.baksinskas@invl.com
Forecast_INVL Baltic Real Estate.pdf
Independent auditor's report_INVL Baltic Real Estate.pdf
