BRIEF-Newpark REIT Sees Decrease In FY Distributable Earnings Of Between 16 Pct & 18 Pct

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BRIEF-Newpark REIT Sees Decrease In FY Distributable Earnings Of Between 16 Pct & 18 Pct
Credit: © Reuters.

Jan 25 (Reuters) - Newpark Reit Ltd NRLJ.J :

* OUTLOOK FOR FY 2019, PREVIOUSLY COMMUNICATED NO LONGER EXPECTED TO BE ACHIEVABLE DUE TO FURTHER DETERIORATION IN MARKET CONDITIONS

* SEES DECREASE IN DISTRIBUTABLE EARNINGS OF BETWEEN 16% AND 18% FOR FY COMPARED WITH 12 MONTHS ENDED 28 FEBRUARY 2018

* REVISE OUTLOOK FOR DISTRIBUTABLE EARNINGS PERFORMANCE FOR FULL YEAR ENDING 28 FEBRUARY 2019

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