Yew Grove REIT has posted a 3.7% increase in EPRA net asset value per share to 100.18 cents, for the period from 5 April to 31 December 2018.
The result compares with an equivalent of 96.55c per share, as previously reported in the REIT’s interim results.
Its portfolio was valued at €77.9m at the end of December, with annualised passing rent of €6.3m.
Last June the REIT became the first firm to trade on the Irish stock exchange since it became Euronext Dublin.
Jonathan Laredo, chief executive of Yew Grove, said the REIT had invested all of the net proceeds raised in its initial public offering by the end of the year.
He added: “The headroom under our revolving credit facility will allow the company to buy further attractive properties and continue to improve returns to shareholders.
“Yew Grove REIT is the only Irish REIT investing predominantly in commercial office and industrial properties outside of the Dublin central business district. This area of the market continues to combine attractive purchase yields and rising rent levels.
“These trends align with Yew Grove REIT’s differentiated strategy, targeting well tenanted commercial real estate located outside of central Dublin and I look forward with a high degree of optimism to our first full year of active operations.”
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