Positioned for cash-generative acquisition
The Russian economy continues to improve, a good level of occupier demand is running well in excess of falling new warehouse supply and FX markets have been relatively calm. Against this backdrop, Raven produced a solid H1 performance and the balance sheet is strongly positioned for further significant acquisition of yielding assets. These have the potential to materially lift our reduced near-term forecasts for earnings and distributions and mitigate the negative effect on current portfolio rental income should the market fail to recover over the medium term.Raven Property Group is a property investment group focusing on commercial real estate in Russia. Co. has three operating segments: Property Investment, which acquires, develops and leases commercial property in Russia; Roslogistics, which is engaged in the provision of warehousing, transport, customs brokerage and related services in Russia; and Raven Mount, which sells residential property in the U.K.
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