Ground Rents Income Fund (GB:GRIO) has released an update.
Ground Rents Income Fund PLC reported a decline in their annual portfolio value by 2.7% to £106.1 million and a negative NAV total return of 1.3%, amidst challenges such as complex building safety projects and leasehold reform uncertainties. Despite these issues, the company showed resilience by refinancing loans, selling assets at a premium, and gaining strong shareholder support for a new investment strategy aimed at orderly asset realization. The company also faces increased uncertainty due to potential leasehold reforms, which has affected the market valuation of their portfolio, leading to further adjustments and a focus on strategic disposals and refinancing efforts.
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