China Valuation Write-downsSharp declines in China valuations produced large revaluation losses as office and business park markets faced weak demand and negative rental reversions, weighing on profitability.
Distressed Disposals In ChinaDisposition of some Chinese assets at discounts to book value signals difficulty realizing full value and may limit cash recovery from those holdings.
Earnings Miss And Analyst ReassessmentReported profit missed estimates due to portfolio devaluations mainly from China, prompting analyst reviews of ratings and target prices and increasing investor uncertainty.