Shares in Warehouse REIT have risen to an all-time high after it posted a robust trading update today.
The logistics landlord finished the day up nearly 5% at 143p, on the back of a surge in profit and revenue.
Shaftesbury’s share price fell by 1.8% to 588p, after the REIT disclosed a 10% decline in its portfolio value. More than £300m was wiped off its valuation during the six months ending March.
Offices developer Helical ended the day up 1.2% at 430p, after reporting decreases in its portfolio value and revenue.
In a trading update today, chief executive Gerald Kaye pointed to an increasing “hotelification” of office buildings, as “five-star management” becomes “a necessity”.
The FTSE 100 finished the session slightly down 0.3% at 7,029. The FTSE 250 was also broadly flat, down 0.2% at 22,438.
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