St Modwen posts NAV and profit rise following portfolio shift

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St Modwen has posted a 4.3% rise in net asset value (NAV) after a year in which it refocused its portfolio with £529m of disposals.

For the year to the end of November 2018, NAV per share rose to 470.4p, compared to 450.9p at the same point in 2017. Profit for the year increased from £60.1m to £60.5m. while earnings per share nudged up to 27.1p, from 26.9p in the previous year.

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