Ediston Property Investment has reported a 6.7% rise in its net asset value per share to 102.56p for the six months to the end of March 2015.
The company purchased five properties over the period for £76.7m, excluding costs, taking total assets to just under £100m.
The company made total returns of 9.96% over the period.
Dividend yield was 5.1% annualised, based on a share price of 108p.