Finance

Urban Logistics posts large rises in annual figures but divi remains flat

By 2021-06-09T07:07:00

Boxes being carried on a forklift

Source: Fotolia

Urban Logistics REIT has posted a rise in both net asset value (NAV) and profit in the year to 31 March as warehouse space continued to boom during the Covid-19 pandemic as consumers flocked to online retailers.

NAV per share came in at 151.9p compared to 137.2p a year earlier, while pre-tax profit rocketed five-fold to £47.6m.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue