Urban Logistics REIT Reports Stable Growth

Urban Logistics REIT plc (GB:SHED) has released an update.

Urban Logistics REIT has announced a solid operational performance in its full year results, with an 8.4% increase in net rental income to £57.4m, despite a slight dip in net tangible assets and earnings per share due to increased interest costs. The company’s portfolio of urban logistics assets remained stable in value, with Chairman Nigel Rich expressing confidence in the company’s growth potential and undervalued shares. Key focus areas moving forward include leasing up vacant spaces and capitalizing on the 19% average rental uplift from recent lease events.

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