15th Jun 2018 11:27
LONDON (Alliance News) - Real Estate Credit Investment Ltd on Friday reported a moderate growth in net asset value per share in its most recently ended financial year despite economic and political uncertainties.
Net asset value per share rose slightly to 164.00 pence per share in its year to the end of March from 163.00p prior year.
Its share price stood at 159.00p at the end of the period, representing a 2.8% discount, widened from 0.4% a year earlier. The stock was trading 1.4% higher on Friday at 166.23p per share.
The company lifted its full-year dividend to 12.0p, having previously paid 11.6p.
"The company's achievements in the last financial year have been delivered against a backdrop of changes in market sentiment and an uncertain political and economic outlook," said Chairman Bob Cowdell.
"The board is focused on seeking to deliver a stable NAV while providing an attractive and sustainable dividend stream for our shareholders," added Cowdell.
Related Shares:
Real Est.cred