UK Commercial Property Trust has posted a 3.3% NAV hike to 80.7p thanks largely to a 3.1% increase in its portfolio valuation.
The portfolio slightly underperformed the 3.2% IPD balanced monthly index capital funds increase for the quarter.
UKCPT’s total return was 4.5%.
In September, the company bought Crossways Cargo Centre, an industrial unit in Dartford, Kent for £6.5m – a net initial yield of 6.4%.
