Regional REIT has valued its property portfolio at £502.4m at December 31 2016, up from last year’s £403.7m.
There was a 2.25% increase on a like-for-like basis from the 31 December 2015.
During the year, the company completed £133.6m of acquisitions and sold £44.9m of assets.
The company will pay a dividend of 2.40 pence per share for Q4 2016.
The dividend payment will be made on 13 April to shareholders on the register as at 3 March 2017. The ex-dividend date will be 2 March 2017.
Stephen Inglis, property director and chief investment officer of London & Scottish Investments which acts as asset manager, said: “In the course of a challenging year for the UK commercial property market, I am extremely pleased that we have delivered steady progress with the portfolio and, much as we anticipated, that the valuation has been sustained in the aftermath of the referendum vote. This performance has underpinned our confidence in the robustness of the UK’s office and light industrial property markets and in our active asset management.”
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