IN BRIEF: Balanced Commercial Property quarterly net asset value falls
Balanced Commercial Property Trust Ltd - UK commercial property investor - Net asset value at December 31 falls 15% to 118.5 pence from 139.6p at September 30. "Portfolio capital value decrease of 12% over the quarter on a like-for-like basis, driven by market yield movement," the company says. Total NAV return for the quarter ended December 31 is negative 14% and year-to-date total return is negative 9.2%. Read More