Urban Logistics REIT announced an interim dividend of 3.25 pence per share which was paid in October 2020 to shareholders prior to the issuance of new shares in the same month.
A second interim dividend of 4.35 pence per share will be paid on 2 July 2021 to shareholders on the register at the close of business on 18 June 2021. The total dividends per share amount of 7.60 pence per share is the same as was paid in the previous year. Part of the second interim dividend is being paid out of the profits on the disposal of properties in March. The Board will use such profits and retained earnings to endeavour to at least maintain the dividend each year even when new shares have been issued.
Other financial highlights include:
Total Property Return of 17.1% (2020: 10.1%)
£92.3 million of equity capital raised in October 2020
145.2% growth in portfolio to £507.6 million
EPRA NTA 152.33p per share (2020: 137.89p) reflects strong uplift in property values
LTV 27.9%
