Griffin Premium RE with Q1 loss

Recently listed real estate company Griffin Premium Real Estate had a PLN 22.17 million consolidated net loss in Q1, including €22.5 million net loss on valuation losses. Last year the profit stood at PLN 3.43 million. Consolidated revenue from rentals amounted to €5.9 million, up from €5.74 the year before. Overall, the company had 88.4 percent of its space leased out at the end of Q1. Griffin Premium RE is a REIT-like company with nine schemes in its portfolio. It was floated on the Warsaw bourse in April this year.