MIRVAC Industrial Trust (ASX: MIX) has announced a statutory net loss of $0.3 million for the first half year.
The trust’s operating profit was $4.1 million, unchanged from the previous half year.
Total assets was $236.8 million from $244.3 million at 30 June 2013.
Trust manager Nicholas Blake said the result is in line with expectations following the sale of the trust’s asset at W165 N5830 Ridgewood Drive, Menomonee Falls in December.
“The trust remains on track to deliver its FY14 earnings guidance of 2.00 to 2.20 cpu, notwithstanding the as yet unquantified impact to non-recoverable expenses arising from recent extreme weather events in the mid-western United States and the impacts associated with the potential sale of the trust’s noncore assets which may take place in 2H14,” he said.
Property Review
