Sagicor Real Estate X Fund Limited earned revenue of $410 million at half-year ending June 2014.
With no expenses for the period, the start-up company also made net profit of $410 million or 27 cents per share.
Total assets stood at $8.8 billion, up from $8.4 billion at December 2013.
Book value per share has also increased over the period, from $5.63 at the end of last year to $5.90 for the most recent period.
The company is chaired by Richard Byles and its CEO is Rohan Miller, both executives of Sagicor Group Jamaica Limited. It is completely invested in the Sagicor Group-controlled Sigma Real Estate portfolio, which holds a mix of hotels, commercial, industrial and warehousing properties with a total value of more than $16 billion.
Published in the Gleaner
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