Finance

Warehouse REIT swings to £182.8m loss as portfolio value slumps

By 2023-06-06T09:05:00

Warehouse workers

Source: Shutterstock/ Halfpoint

The value of Warehouse REIT’s portfolio slumped 18.5% in the year to the end of March as the group was hit by industry-wide outward yield movements.

The like-for-like portfolio valuation fell from just over £1bn to £828.8m during the year, following a 131 basis point yield expansion, which was partially offset by 6.2%  like-for-like growth in rental values.

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