Urban Logistics REIT plc (GB:SHED) has released an update.
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Urban Logistics REIT plc has reported a robust quarter with an average like-for-like rental uplift of 23% and the acquisition of three new lettings, boosting its occupancy rate to 94.2%. The company has also successfully disposed of an asset, achieving a 1.9% premium over the book value, and is set to present a detailed strategy at the upcoming Capital Markets Event. Optimism within the logistics sector and strategic acquisitions have positioned Urban Logistics for anticipated earnings and capital growth in the upcoming year.
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