For the year ended 31 March 2020, Asset Plus Limited (NZX:APL) reported a net loss after tax of $14.69 million, down from a $3.80 million profit in FY19.
Other key highlights include the following:
- Adjusted funds from operations (AFFO) stood at $4.74 million, in line with the FY19;
- No dividend is to be paid for the fourth quarter due to the impact of COVID-19;
- Portfolio occupancy is 98.3% which is increased from 96.7%;
- Loan to value ratio is 34.3% as compared to 8.5% as at 31 March 2019.
The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.