Annual NAV rises at St Modwen as it targets more logistics and housing development

Net asset value (NAV) at St Modwen Properties rose 3% in the year to the end of November, but earnings per share and profit were hit.

NAV rose from 470.2p in 2018 to 484.2p last year, but profit fell from £60.5m to £49.5m after £18.5m of exceptional costs, with basic earnings per share coming in at 22.8p. compared to 27.1p in the previous year.

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