Mark Lister
Mark Lister
capital cent commercial excess five last negative operations properties property providing returns sector tough
The first two years of operations were pretty tough - as they were for much of the commercial property sector - with returns going backwards, about negative 7 per cent a year. But the last five years have been brilliant, with Capital Properties providing returns in excess of 20 per cent per annum.
capital company included properties range report statement target valued
In the independent directors' target company statement - which included an independent adviser's report - they valued Capital Properties in a range of $1.48 to $1.72 a share, with a mid-point valuation of $1.60.