Brief: Ina Invest Says Expects Market-Driven Valuation Adjustment Of Real Estate Portfolio

Cham Swiss Properties AG

14/12/2023 17:03

Dec 14 (Reuters) - Ina Invest Holding Ag  INAI.S :
    * EXPECTS MARKET-DRIVEN VALUATION ADJUSTMENT OF THE REAL
ESTATE
PORTFOLIO
    * RECEIVED PROVISIONAL VALUATIONS OF ITS REAL ESTATE
PORTFOLIO AS
AT 31 DECEMBER 2023 FROM ITS VALUATION EXPERT
    * RESULTS IN A MARKET-DRIVEN CORRECTION OF AROUND -2.5%
COMPARED
TO PREVIOUS YEAR, WHICH HAS AN IMPACT ON EARNINGS BUT NOT ON
CASH
    * CURRENTLY EXPECTED THAT CORRECTION WILL LEAD TO A NEGATIVE
ANNUAL RESULT IN ORDER OF CHF 15 MILLION.

Source text for Eikon:  ID:nEQ4kxcJMa 
Further company coverage:  INAI.S 

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