Total accounting return for its 2022 year amounted to 25%, driven by a like-for-like portfolio valuation uplift of more than a fifth
UK-focused Industrials Reit says its strategic pivot into a pure multi-let industrial asset play paid off in its 2022 year with record value creation for shareholders.
Total accounting return, a broad measure of the gains on an investment, rose 25% in the group’s year to end-March, amid like-for-like rental growth of 4.4%, and a valuation uplift of 20.8% for its MLI assets. Profit just more than doubled to £107.5m , but the group only upped its total dividend for the year by 1.5% to 6.85p...
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