Property value drop drags Asset Plus into the red
Covid-19 stung Asset Plus with a cancelled capital raise and materially lower property values.
Andrew Bevin
Tue, 16 Jun 2020
NZX-listed property fund Asset Plus posted a $14.7 million loss for its 2020 financial year, dragged down by lower property valuations as a result of Covid-19.
Revenue was up 14% to $10.5m but the final profit was down materially on the $3.8m profit it posted the year before.
The revenue
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
NZ Aviation News
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Aviation News - Monthly
NZ$14.95 / monthly
Already have an account? Login
Andrew Bevin
Tue, 16 Jun 2020
Contact the Writer: andrew@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Company profile
Property value drop drags Asset Plus into the red
Property,
83958