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Warehouse REIT’s shares fall after losses

Warehouse REIT’s share price dropped by 6.48% yesterday, following its annual results.

The REIT ended the day at 97.7p, down from a high of 176p just over a year ago, leaving it languishing at the bottom of the FTSE 250 index.

Yesterday, Warehouse REIT said it had swung to a pretax loss of £182.8m for the year to the end of March, a result of the 18.5% like-for-like decline in the value of its property to £828.8m.

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