31st Jul 2018 14:02
LONDON (Alliance News) - Schroder Real Estate Investment Trust Ltd said Tuesday its net asset value total return for its first quarter to June 30 was 2.3%.
Net asset value at June 30 was GBP358.8 million or 69.2 pence per share.
The company declared an interim dividend of 0.62p per share in respect of the quarter.
The firm said it will increase its dividend by 2.5% during the current quarter to September and 5% for the quarter from October to December and onward.
The company said it has exchanged contracts to purchase two office buildings in Edinburgh and Nottingham for a combined price of GBP21.1 million.
Schroder Real Estate Investment shares were trading down 0.2% at 61.90p each.
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