Genova updates operational targets
As part of the Board's annual evaluation for Genova, the Board has decided to update the company’s operational targets for ongoing construction of own-produced residential units and the percentage of rental income from residential and community service properties. Genova's target is to continue to deliver organic growth through new production for own long-term management. Considering the prevailing uncertainty and changed market conditions, however, Genova acts with increased caution regarding starting construction of planned projects. The previous target of 1,500 own-produced