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Property firm Green REIT reports net profits of €43m

Green REIT Plc today announced its results for the period from incorporation on 24th June 2013 to 30th June 2014 which reported a pre-tax profit of €43 million for its first year of operation, as it re-valued its portfolio upwards by approximately €36 million.

In the 12 months to June 30th 2014, Green Reit reported total passing rents of €28.5 million, an investment income yield of 7%, and a dividend of 0.92 cent.  Over 73% of the assets are in offices, 17.5% in retail, 3.6% in development land, 2.4% in industrial and 3% in other investments.

Reit said that it has a further €322 million to invest into new opportunities.

Please view full report – Preliminary Results for the period to 30th June 2014