Region Group Reports AU$54.4 Million Property Valuation Gain

MT Newswires Live06-18

Region Group (ASX:RGN) reported an uplift in the value of its investment properties to AU$4.37 billion as of June 30 from AU$4.32 billion as of Dec. 31, 2024, driven by both internal and external revaluations, according to a Tuesday filing with the Australian bourse.

Pro-forma net tangible assets increased by AU$0.03 to AU$2.45, and gearing remains within target at almost 33%.

The portfolio's weighted average capitalization rate was nearly 6%, compressing 11 basis points since the end of December last year, the filing said.

Twenty-six properties were externally valued, adding AU$28.4 million, while the remaining assets were internally valued, contributing AU$81.1 million to the gain, the filing added.

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