By Frances Ivens2019-04-25T07:59:00
RDI REIT has pledged to take “decisive action” to reduce leverage, reduce its retail exposure and be more focused in its capital allocation after seeing its EPRA NAV per share fall 4.4% to 204.4p in the six months to the end of February.
The group, which this month saw off a takeover approach from Australia’s Cromwell Property Group, revealed in its interim results that it planned to sell its German assets in order to reduce its loan to value ratio which currently stands at 48.5%.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud