Reita, the trade body representing REITS and other commercial property investments, is to make data on net asset values (NAV) available to the public.
The Reita website will now feature monthly data on discount or premium to NAV of shares in REITS and property firms listed on the FTSE. Dave Butler, head of external affairs for Reita, says the information will give investors reliable information to allow them to predict future performance. “We are frequently asked for discount to NAV figures as they represent an important indicator of current and future performance,” he says. “Until now, regular and reliable information has not been easy to obtain for most investors and making this available is part of our core role of helping to educat...
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