Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Irish commercial property investor Yew Grove REIT said its performance improved in the first half as it boosted rent collections.
The company's EPRA net asset value per share -- a preferred measure of underlying performance -- rose 3.8% to 103.98c.
Annualised rent roll rose €7.5m, up from €6.3m at the end of December, rising to €8m following three acquisitions after period end.
Quarterly dividend payments commenced, with a total aggregate year-to-date dividend distribution per share of 4.33c for 2019.
'In just over a year since our IPO we have made significant progress on our objectives,' chief executive Jonathan Laredo said.
'We have committed the capital raised in 2018 and established a €100m share issuance programme of which €10m has been placed and deployed alongside additional debt capital.'
'We have commenced quarterly distributions to our shareholders; we have a number of asset management projects underway; and we have a strong pipeline of investments to deliver our investment targets.'
At 2:52pm: (LON:YEW) Yew Grove Reit Plc Ord Shs Eur0.01 share price was +0.02p at 0.97p