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Firm In Focus - Bahamas Property Fund
BPF is essentially a REIT (Real Estate Investment Trust — a security that sells like a stock on an exchange and invests directly in real estate properties or mortgages) with a portfolio of 3 commer-cial investment properties. The company’s property portfolio includes the Bahamas Financial Centre (BFC) which is BPF’s flagship property; One Marina drive which is located on Paradise Island; and Providence House located on East Hill Street. As of June 30th (2Q FY2013), BPF reported a fall in net profits (-$63K or –9.94%), earning $573K for the 6 month period. Only ‘parking (non-rental) revenues’ were up (+$2K or 1.99%) with revenues from both ‘rental & parking’ (-$67K or –3.51%) and ‘interest income’ (-$73K or –3.56%) down through the second quarter. FIF_Bahamas_Property_Fund_9-30-13_Web Click here for full Investment Update
 

CFAL, Third Floor, 308 East Bay Street, P.O.Box: CB 12407, Nassau, New Providence, The Bahamas. Tel: 242-502-7010

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