Hibernia values falls during pandemic

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Hibernia REIT has reported a 3.7% decline in the net value of its assets for the year to the end of March as the Covid-19 pandemic also led to losses.

The value of net tangible assets per share came in at 172.7 cents (149.5p), which represented a fall during in the financial year but a rise of 0.4% in the second six month following the group’s share buyback programme.

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