Active asset management drives strong portfolio performance in H1FY20 for Urban Logistics REIT Plc

  • Nov 14, 2019 GMT
  • Team Kalkine
  • Alternative Investment Market-traded the UK’s specialist logistics REIT group- Urban Logistics REIT Plc, posted a 31.3% surge in Net Rental Income for the first half of FY20. With EPRA earnings per share surging by 25% on a YoY basis.
  • During the first half under review, the Group acquired eight logistics properties and the total asset size for these acquired properties stood at £2m. Also, it disposed assets worth £18.4m, at an average profit on cost of 57.4%.
  • The group’s dividend declared for the H1FY20 zoomed 25% on YoY basis to 3.75p/share from 3.0p/share declared a year-ago period.

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