Q2 2020 Sirius Real Estate Ltd Earnings Call Transcript
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That $0.80 adjusted (inaudible) per share.
That 8% increase, as mentioned before, is mainly driven by the valuation increases. And if you look at the actual investment properties, they have actually come down by almost EUR 70 million, and that's because the acquisitions of EUR 22 million and the valuation uplift of EUR 70 million has been more than offset by the fact that we sold EUR 160 million of assets into the joint venture. And that joint venture interest is completely out of those investment properties, and you can see that sitting is EUR 26.3 million as a pure investment in the equity in that. And that joint venture now, since it's actually going into those assets, are now geared at 50% within that joint venture.
The current loan balance is EUR 339 million, which represents about a 32% LTV. And if you look at the pro forma after those EUR 122 million of acquisitions we've got in the second half and the extra EUR 115 million debt, we can see that LTV going from that 32% to around
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