Net Asset Value(s)

RNS Number : 6146A

AXA Property Trust Ld

05 August 2008

 



To:        Company Announcements

Date:        5 August 2008

Company:    AXA Property Trust Limited

Subject:    Net Asset Value 

Net Asset Value

The unaudited Net Asset Value per share of AXA Property Trust Limited as at 30 June 2008 was 114.80 pence (31 March 2008 - 114.25 pence).

The Net Asset Value attributable to the Ordinary Shares is calculated under International Financial Reporting Standards. It includes all current year income and is calculated after the deduction of dividends paid prior to 30 June 2008, but does not include provision for the quarterly interim dividend announced on 5 August to be paid 29 August 2008.

The fair value (open market value) of the property portfolio declined by -0.7%. The property decline was offset by favourable foreign exchange translation effects due to the strengthening of the Euro and gains in the fair value of derivatives, particularly interest rate swaps. 

All Enquiries:

The Company Secretary 

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel:  [phone]

Fax: [phone]

 

END

 

 

NAVBLGDIRBGGGIS