Warehouse REIT
Company Notes
Strong annual results and attractive discount
On 24 May Warehouse REIT published its annual results for the year to 31 March 2021. Over the period, the fund’s EPRA NTA per share rose by 28.6% from 135.1p to 173.8p, driven by a +19.4% like-for-like increase in the portfolio valuation. The total return was +33.2%, exceeding the 10% p.a. target. Adjusted earnings per share were 6.4p, up from 5.3p in FY21. Dividends per share totalling 6.4p have been declared in respect of the year, ahead of the target of at least 6.2p per share. The target for the current financial year is to pay a dividend of at least 6.4p per share. The fund is currently listed on AIM but has applied for its shares to be admitted to the Main Market. This is expected to occur in July.
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