29th Sep 2025 14:13
abrdn European Logistics Income PLC - investment trust, which buys and sells European warehouse properties - Says its net asset value per share as at June 30 was 81.2 euro cents, down 11% from 90.8 cents at December 31, 2024. Net asset value total return for the six months to June 30 is negative 3.4%, compared to negative 0.8% a year ago. Interim dividend is 2.03c, up 44% from 1.41c a year ago. "The managed wind-down continues with the objective of realising all portfolio assets, repaying borrowings, and returning capital to shareholders in a timely manner, while seeking to achieve the best available value on each disposal," says Chair Tony Roper. Looking ahead, Chair Roper says: "While content with the progress of the managed wind down to date, the board recognises that softer valuations and limited competitive tension in certain markets where we are active sellers may very well affect disposal timing and pricing negatively. The board and the investment manager will continue to balance the best achievable value with ongoing operating costs and any further unplanned capital expenditure required to support disposals, while maintaining a focus on speed of capital return." The company says it is committed to completing sales and entering liquidation by the second quarter of 2026.
Current stock price: 32.80 pence each, down 3.1% on Monday afternoon in London
12-month change: down 46%
By Tom Budszus, Alliance News slot editor
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