No. of Recommendations: 6
Q2 Trading update:
investegate.co.uk - Trading update and q2 fund valuations- asset sales good progress, further update at half year results in 3 weeks
- NAV down a bit (e.g. rates up -> all REITs NAVs are down)
- earnings on course for forecast range
- reservations trending up ('low end of 93-96') has been upgraded to (94-96)
- rental growth downgraded - likely to be 1-2% rather than 2-3%
- integration of Empiric going well
- a new development project complete and to be let this year
TRS
