Orion Real Estate headline earnings per unit seen at 0.47c vs 0.07c

Posted On Monday, 09 September 2013 16:28 Published by Commercial Property News
Rate this item
(0 votes)

Orion Real Estate says that its headline earnings per linked unit are expected to improve from 0.07c-0.47c for the year ended June 2013 due to improved trading results.

Orion Real Estate

Its basic earnings per linked unit‚ however‚ have decreased from 7.65c to approximately 4.80c‚ mainly due to a smaller adjustment in the fair value of properties compared with the previous year.

“Current market conditions necessitated this more conservative approach‚” it said.

Total comprehensive income for the period is expected to decrease from a profit of R 47.9m to a profit of approximately R30.1m due to the smaller adjustment in property values.

Last modified on Monday, 09 September 2013 20:37

Most Popular

Growthpoint begins construction of the Kent residential apartments in KZN

Aug 26, 2021
Marius Els, Development Project Manager at Growthpoint Properties
Growthpoint Properties (JSE: GRT) has commenced the development of Kent, its first…

On Auction: Iconic Redevelopment Opportunity in Oranjezicht Cape Town

Aug 26, 2021
Currently operating as a 43 room guesthouse / backpackers.

On Auction: Retail & Offices Property with unutilised bulk in Rivonia Johannesburg

Aug 26, 2021
The anchor tenant is Road Adventure Dirt (Pty) Ltd (RAD) which is the premier KTM…

On Auction: Spacious offices with multiple amenities in Norwood

Aug 26, 2021
Default Image
Spacious offices with multiple amenities on Auction in Norwood.

On Auction: Commercial Historical Building in Cape Town

Aug 25, 2021
Cape Town Commercial Property for Sale - 3 Church Street
436sqm Commercial building comprising of retail and office space.

Please publish modules in offcanvas position.