A first interim dividend of 3.25 pence per share was paid by Urban Logistics REIT in December 2021 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 22 July 2022 to shareholders on the register at the close of business on 1 July 2022. The total dividends declared amount to 7.60 pence per share, which is the same as in the previous year, however in respect of the second interim dividend this will be paid on a much higher number of shares.
Other financial highlights include:
Property valuation uplift of £153m, 25.4% growth on a like for like basis
Net rental income of £36.5m (+59.8% on FY21)
Total Property Return of 30.3% (FY21: 17.1%)
IFRS profit before tax of £172m (+261% on FY21)
Adjusted EPS (which includes impacts of capital raise) of 6.71p (FY21: 6.76p)
Total Accounting Return of 29% for the year and 16.4% p.a. since IPO to 31 March 2022
EPRA NTA share of 188.8p (+ 23.9% on FY22)
Weighted average cost of debt for the year of 2.55%, with 74% hedged (FY21: 2.89%, with 69% hedged)
Debt of £239m includes an £88m facility with sustainability linked metrics
LTV 11.3% (FY21: 27.9%)
