Ground Rents Income Fund (GB:GRIO) has released an update.
Ground Rents Income Fund PLC has provided a strategic update on steps to realize assets and optimize returns amid challenging conditions, including asset sales above valuation and advocating for fair leasehold reform. The company announced an unaudited portfolio valuation of £71.5 million as of September 30, 2024, reflecting a significant decrease due to the government’s leasehold reform approach. With a robust balance sheet, the company is focusing on minimizing expenses and maximizing free cash, ahead of a continuation vote scheduled before the end of 2024.
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