15th Jul 2015 09:38
LONDON (Alliance News) - London-listed Ediston Property Investment Company PLC Wednesday reported an increase in its net asset value - the difference between assets and liabilities - between the end of March and the end of July.
The real estate investment trust said its NAV per share increased to 104.60 pence at the end of June, from 102.56p at the end of March.
Ediston Property Investment Co said its properties had a fair value of GBP123.65 million at the end of June, a like-for-like increase of 4.9% on the prior year.
The company said it intends to continue paying a dividend of 0.4583 pence per share each month, implying an annualised dividend yield of 5.5%, based on its issue price of 100p per share at launch.
Ediston Property Investment Co shares were down 0.6% at 107.50 pence on Wednesday morning.
By Samuel Agini; [email protected]; @samuelagini
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