Intu board quizzed over company’s rising LTV

intu Trafford Centre

Source: Shutterstock/Smiltena

Intu’s board faced a series of tough questions about the company’s high level of debt during its investor presentation yesterday.

As a result of the 5.6% like-for-like drop in valuation reported in its half year results yesterday, intu’s LTV increased from 45.2% to 48.7%, which is near the top of its 40% - 50% target range.

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