These factors are reflective of current market conditions, including the prolonged high interest rate environment, muted capital partner transaction activity and continued macroeconomic softness in China.
Hong-Kong listed ESR Group has reported a loss of US$58 million ($75.78 million) in 1HFY2024 ended June 30, reversing from earnings of US$304 million over the same period in 2023.
The decrease in profit, which is primarily non-cash in nature, comes on the back of a loss associated with non-core or near-term divestments, as well as non-cash asset revaluations and a lack of promote fee income in the reporting period.
