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Firm in Focus - Premier Real Estate Fund
Through the third quarter of FY2013 (June 30th), PRE reported $360K in net income which is a slight improvement (+$16K or 4.73%) over the previous year’s comparable. While positive, PRE’s overall profitability at the end of the upcoming fiscal year will still be subject to any fair value adjustments on its investment properties. Over the past 2 years, the company has seen its operating profits (2012: $453K & 2011: $701K) completely eliminated by write-downs (2012: -$3.06M & 2011: -$770) suffered by ap-praisals in its investment portfolio. FIF_PREMIER_REAL_ESTATE_FUND_-_Newspaper_Research_Update_October_2013_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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