Urban Logistics REIT Plc reports a 3.8% Rise In Portfolio Valuation For The Interim Reporting Period To 30 September 2019

  • Oct 14, 2019 BST
  • Team Kalkine
  • Urban Logistics REIT Plc (SHED) has released a trading update following the close of its interim reporting period to 30 September 2019.
  • Company’s portfolio valuation was up 3.8 per cent to £195.0 million on a like-for-like basis since 31 March 2019.
  • During the reported period, the company has acquired Six logistics properties from Connect Group plc for £9.9 million at a net initial yield of 7.0%.
  • On 14th October 2019, at the time of writing, GMT 13:19 PM, SHED shares were trading at GBX 127.00, up by 1.50 points or 1.20 per cent against the previous day closing price.

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