19th Jul 2006 07:00
ING UK Real Estate Income Trust Ltd19 July 2006 ING UK Real Estate Income Trust Limited 30 June 2006 Net Asset Value The unaudited Net Asset Value ('NAV') per share of ING UK Real Estate IncomeTrust Limited as at 30 June 2006 was 117 pence. This NAV figure incorporates theexternal portfolio valuation as at 30 June 2006. It includes current year incomeand is calculated after the deduction of dividends paid prior to 30 June 2006,but does not include provision for the next quarterly dividend which is expectedto be paid in August 2006. The Company's NAV of 117 pence per share reflects an uplift of 7.4 pence pershare, or 6.8% over the quarter. The NAV over the 6 months to 30 June 2006 hasincreased by 12 pence per share or 11.7% The NAV attributable to Ordinary Shares is calculated under InternationalFinancial Reporting Standards ('IFRS') and includes an adjustment in respect ofthe marked to market value of the interest rate swap. The unaudited NAV is calculated as follows: 30 June 2006 31 March 2006 £m £m Investment properties at market value 553.8 519.8Current assets 17.8 42.8Current liabilities (19.7) (27.2)Borrowings (200.0) (200.0) 351.9 335.4Market value of interest rate swap 6.2 -Net Asset Value 358.1 335.4 The property portfolio will next be valued by an external valuer duringSeptember 2006 and the NAV per share as at 30 September 2006 will be issued inOctober 2006. All Enquiries: The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LtdTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3Q1 Tel: 01481 745439Fax: 01481 745085 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Picton Prop