Quartiers Properties continues to increase its net asset value per ordinary share
The net asset value of Quartiers Properties, a property company with operations in Spain, continues to rise. The increase compared to year-end 2018 amounts to 11 percent, and the net asset value per ordinary share is now stated at SEK 8.26. The share is thus being traded at a net asset value discount of 48.7 percent, given the closing price on 27 February 2020.
Marcus Johansson Prakt, CEO of Quartiers Properties, comments on the company’s year-end report, which will be published on 28 February in the morning.
“In 2019, we continued to reinforce our net asset value, which now amounts to SEK 8.26 per ordinary share, noting growth of 11 percent compared to year-end 2018. The ongoing positive development of net asset value per ordinary share confirms that the measures we introduced during the year have continued to contribute to creating value for our shareholders. At the same time, we have paid MSEK 7 in dividends to our preference shareholders and maintained a stable share price in same. With ordinary shares currently being traded at a significant discount (46 percent) on their net asset value, we hope that even more investors will find our ordinary share interesting and choose to invest in the Company in 2020.”
Over the past year, the company opened its hotel and restaurant project Boho Club in Marbella, and successfully sold all the apartments in its 22byQuartiers project.