The appreciation of the rouble and improvement in the valuation of assets boosted Raven Property’s (RAV) adjusted net asset value (NAV) by more than a third during the first half of the year.
IC TIP:
Buy
at
40.6p
Net rental income was 12 per cent higher thanks to improved occupancy – which rose to from 84 per cent to 90 per cent – and acquisitions made during the latter half of last year. Prime Moscow warehouse rents have improved across the sector to between R3,800 and R4,100 per sq/m, from R3,800 to R4,000 per sq/m at the end of 2018.
