4th Mar 2016 11:10
LONDON (Alliance News) - Industrial Multi Property Trust PLC on Friday said its net asset value per share rose over 2015 on the back of an increase in the valuation of its portfolio.
The commercial property investor said its net asset value per share was up to 261.0 pence as at the end of 2015 from 220.0 pence a year before.
The value of its portfolio increased to GBP81.6 million in the year, from GBP79.9 million at the end of 2014, boosted by a strong occupational property market in the year. Its occupancy rate rose to 89.3% at December 31 from 86.5% as it secured a further 68 lettings.
The trust paid no interim dividend during the year and is not proposing any final dividend payment.
Shares in the trust were up 12.3% at 129.10 pence on Friday.
By Hannah Boland; [email protected]; @Hannaheboland
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