The Invista Foundation Property Trust today announced a 4.7% uplift in net asset value a share for the quarter ending 30 June.
The NAV a share has risen to 148.89p and the return on NAV for shareholders increased by 22.4%. Shareholders will receive a dividend of 1.7p a share for the period.
The increase was driven by a £17.8m increase in the valuation of the trust’s property portfolio, a rise of 2.5%, to £722m. The trust’s central London office investments contributed £11.6m to this increase.
Invista Real Estate Investment Management chief executive Duncan Owen said: ‘The company’s portfolio is strongly positioned providing a combination of active management opportunities to generate capital growth as well as having strong income characteristics. This prepares the Company well for the next period in the UK market.’