REGAL REIT issued a profit warning, expecting an annual adjusted loss of approximately HKD 90.6 million
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REGAL REIT issued a profit warning, expecting an adjusted annual loss of approximately HKD 90.6 million for the year ending December 31, 2024, an improvement compared to the adjusted loss of HKD 127.6 million in 2023. The expected loss is mainly due to the decline in the valuation of the investment property portfolio and financial expenses caused by high interest rates. The company anticipates that it will not declare a final distribution for the year
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