APDC property portfolio revalued $20.7M upwards

Company News

by David Chau

Asia Pacific Data Centre Group (ASX:AJD) says its investment property portfolio has been re-valued upwards by $20.7 million.

APDC is a special purpose real estate investment trust which was established to own properties that are used, or being developed, as data centres.

The Group says the total value of its properties, in Sydney, Melbourne and Perth, is now $187 million as at 30 June 2016.

The Group’s unaudited pro-forma Net Tangible Assets increased from $1.25 (in December 2015) to $1.43 per stapled security.

APDC will release its annual results in the week commencing 22 August.

APDC reported a net profit of $5.4 million at 31 December 2015.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.