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Desane Group Holdings Ltd ( (AU:DGH) ) has provided an announcement.
Desane Group Holdings Limited announced a $6.6 million uplift in its property portfolio value, reflecting a 12.7% increase since June 2024. This increase, attributed to independent valuations of four properties, will enhance Desane’s net tangible asset per share by approximately 9 cents. The rise in property values is driven by strong investment demand for quality retail, office, and industrial properties, coupled with market rental growth and extended lease transactions. The diligent efforts of Desane’s property team in securing medium to long-term leases have contributed to this positive outcome, benefiting both the company and its shareholders.
More about Desane Group Holdings Ltd
Desane Group Holdings Limited is a leading property investment and development company based in Sydney, Australia. The company is committed to integrity, work ethic, and excellence, aiming to ensure maximum value for its shareholders.
YTD Price Performance: -6.98%
Average Trading Volume: 14,936
Technical Sentiment Signal: Buy
Current Market Cap: A$32.73M
See more data about DGH stock on TipRanks’ Stock Analysis page.