McKay Securities’ EPRA net asset value has nudged up by 2.1% to 333p per share in its half-year results.
This represents a 7p increase from 326p per share in March this year.
Adjusted profit before tax was £5.08m, up by 17.6% from £4.32m in September 2018, and net rental income rose by 22.8% to £11.27m from £9.17m.
Its portfolio valuation stands at £492.14m.
A new £55m debt facility has been secured for acquisitions and portfolio expenditure.
McKay chief executive Simon Perkins said: “Our consistent focus on our core office, industrial and logistics sectors across London and the South East, combined with successful development projects and the intensive in-house management of our portfolio, can be credited for the delivery of another positive set of results, with gains achieved across our key metrics.”
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