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Urban Logistics boosts interim dividend

Thu, 14th Nov 2019

Specialist UK logistics REIT, Urban Logistics, has reported a £195m portfolio valuation with a 3.8% like-for-like increase since 31 March 2019, in its interim results statement. The EPRA net asset value was up to 145.20p per share, while the REIT reported a total accounting return of 8.2%. The interim dividend rose 25% on the year before, now standing at 3.75p per share. Urban Logistics' chairman, Nigel Rich, said: "The strong results reflect our specialist focus which is underpinned by a shift in retailing to e-commerce. We maintain a healthy acquisition pipeline which we expect to fund through equity raising and bank debt when we have the opportunity to do so. "Looking forward we remain confident that our urban logistics portfolio will continue to deliver attractive returns for shareholders." At 9:47am: (LON:SHED) Urban Logistics REIT Plc share price was 0p at 135p Story provided by StockMarketWire.com

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