6th Mar 2015 09:02
LONDON (Alliance News) - Industrial Multi Property Trust PLC on Friday said its net asset value per share ticked higher over 2014 on the back of a rise in the valuation of its portfolio.
The commercial property investor said its net asset value per share was up to 210.3 pence from 206.3 pence a year earlier.
The value of its portfolio increased to GBP79.9 million in the year, from GBP77.5 million at the end of 2013, boosted by a strong occupational property market in the year. Its occupancy rate rose to 86.5% from 84.6% as it secured a further 87 lettings.
The trust paid no interim dividend during the year and is not proposing any final dividend payment.
Shares in the trust were untraded on Friday, having last traded at 52.76 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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