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Showing 71 - 80 of 1319 results for "valuation"

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
AMP is facing legal action from global reinsurer Munich Re over potentially deceptive practices in past reinsurance arrangements. In a disclosure nestled within AMP's recent half-year results, it was revealed that AMP Limited and its subsidiaries, including ...

Earnings, profits down at Charter Hall

CHLOE WALKER  |  MONDAY, 21 AUG 2023
The fund manager has reported operating earnings of $441.2 million for FY23, down about $100 million from the year prior. Its statutory profit after tax was $196.1 million, down a significant 78.5% on the previous year. Full year distributions totaled ...

Frontier adds two consultants

ELIZABETH FRY  |  FRIDAY, 18 AUG 2023
... Dan's experience grows this further," he said. "At the same time, bringing in Yeukayi's expertise in company valuation and analysis in the private markets area bolsters our stocks in this increasingly key area for our clients. "We're excited ...

Dexus reports $752.7m loss

CASSANDRA BALDINI  |  WEDNESDAY, 16 AUG 2023
Reporting its annual results to the ASX, Dexus has taken a $752.7 million hit, primarily driven by unrealised valuation losses on its investment properties. In its FY23 results, Dexus disclosed that adjusted funds from operations stood at $555 million. ...

Assembly launches second diversified fund

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
Assembly Funds Management (AFM) has initiated a limited first close of its second diversified real estate fund, ADPF2, aiming to capitalise on value add and special situations opportunities in the market. AFM's first fund, ADPF1, which has $350 million ...

High rates impacting REITs: Quay

CHLOE WALKER  |  FRIDAY, 11 AUG 2023
... rate of 4.0%, peaking as high as 4.3% along the way. "The impact to REITs through a higher discount rate applied to the valuation of the cashflows has been immediate," Blaess said. Adding to the sentiment has been the expected reduction in levered cashflows ...

ISPT to use SS&C performance measurement tool

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
Industry Super Property Trust (ISPT) has implemented global software provider SS&C Sylvan (SS&C) for performance measurement and attribution. SS&C will now automate ISPT's data ingestion while simultaneously calculating capital and income returns ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
Amid the Financial Adviser Class Action fallout, AMP has suspended its capital return, with a resolution expected by year-end. AMP has set aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... totalling to a loss of $362.7 million, a far cry from a profit of $625.9 million in FY22. The latest results comprised valuation losses totalling $353.6 million, revaluation decrements from acquisition costs of $7.6 million and straight lining of rental ...

Goldman Sachs launches global infra feeder fund for Aussie investors

CASSANDRA BALDINI  |  MONDAY, 31 JUL 2023
Goldman Sachs Asset Management (GSAM) has successfully launched its inaugural Australian feeder fund off the back of significant demand from local clients. The investment giant said the Aussie feeder fund, launched in the second quarter, provides investors ...