Finance

Urban Logistics’ net tangible assets fall 14%

By 2023-06-22T09:00:00

Boxes being carried on a forklift

Source: Fotolia

Urban Logistics REIT’s net tangible assets (NTA) fell 14% in the year to the end of March, as outward yield movements impacted the property sector.

NTA per share fell from 188.8p to 162.4p during the year, while the value of net assets fell from £892.6m to £769.8m.

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