31st Oct 2018 13:30
LONDON (Alliance News) - AEW UK Long Lease REIT PLC said Wednesday its net asset value for the quarter to September-end increased slightly.
The real estate investment trust, which owns a portfolio of 17 regional UK commercial property assets, posted net asset value of GBP76.9 million, up from GBP76.4 million at the end of June.
Net asset value per share increased to 95.58 pence from 94.94p in the same period.
The company declared an interim dividend of 1.375p per share for the quarter ended September, bringing the total dividend since its initial public offering to 4.625p.
This dividend will be paid at the end of November.
The company said it targets an annual dividend of 5.5p per share, with an ambition to grow in future years by the rate of inflation.
AEW listed on the London Stock Exchange in April. Shares were trading down 0.2% at 89.65p each.
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