Investore reports widening losses due to property revaluations
The investor in large retail property sites says its operating earnings remain resilient thanks to its quality portfolio, however.
Investore has a strong portfolio of everyday needs tenants, including Mitre 10
Large format retail property company Investore has reported a $66.5 million loss for the six months to September, on the back of large revaluations of its portfolio.
This compares to an after-tax loss of $27.7m at the same time last year.
The owner of 44 sites, including Tauranga’s Bay Central
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