On Thursday, a number of property companies were smashed on the back of rampant speculation Viceroy, the research company that provided colour around the extent of the shenanigans at Steinhoff, was preparing to release a second report. Under fire was GreenBay Properties, Resilient and Nepi Rockcastle. While Nepi finished only 5.15% lower, at one point the stock was down 20.42%. To help stem the speculation, and perhaps settle market participants nerves, the company released a voluntary trading statement at 17:00. The group confirmed its distributable earnings per share are expected to be approximately 17% higher than the pro-forma distribution of 41.21 euro cents per share a year ago. It also wished to confirm its loan-to-value ratio is currently below the group’s target level of 35%. Its results for the year ended 31 December 2017 are set to be released on or around the 20th of February 2018.