Stenprop 'on track' in first results since dual listing

Stenprop Euston

Stenprop said this morning in its first financial results since it secured a dual listing on the London Stock Exchange that it was on track to hit its targets as part of its shift in focus to multi-let industrial.

Under plans put in place last year, by April 2020, Stenprop is looking to sell about £470m of assets, acquire at least £220m of multi-let industrial and cut its leverage from a 55% loan-to-value ratio to 40%. If these targets are achieved, multi-let industrial would comprise 65% of gross assets by the end of March 2020.

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