Full Year Results 

Intu facing further headwinds

Intu facing further headwinds

Everyone expected Intu Properties (INTU) to deliver a poor set of results for the year to December 2018, and the retail landlord did not fail to disappoint. Headline profits were wiped out by a £1.33bn devaluation in the property portfolio, and this, together with disposals contributing to a 2 per cent drop in net rental income, left adjusted net asset value almost a quarter lower at 312p a share.

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