Finance

Landsec swings to loss as portfolio value is cut by 7.7%

By 2023-05-16T09:03:00

Finance chart

Landsec has posted a £1.5bn swing to an annual loss of more than £600m as property values dropped 7.7% during the year to the end of March.

After posting an £875m profit in the previous year, the group has revealed it lost £622m during the 12 months as net assets per share fell from 1,070p to 945p.

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