In QuotedData’s morning briefing for 22 August 2023:
- abrdn European Logistics Income (ASLI) provided a NAV update for the quarter ending 30 June 2023. Its NAV per share fell by 2.8%, from 111.2c (97.7p) per share to 108.3c (92.9p) per share. This was equivalent to a -9.6% NAV total return over the period, accounting for dividends reinvested, with its portfolio valuation falling from €722.7m to €693.5m. ASLI has a declared a second interim dividend of 1.22p per share. It also reports a loan-to-value of 35.5%, with its €70m credit facility undrawn at quarter end. Major developments over the quarter included the sale of an asset in Leon, Northern Spain, for €18.5m, crystallising a 20% gross profit. ASLI also extended the leases on two of its European warehouses.
- Home REIT (HOME) says its shareholders approved the new investment policy and the new manager (AEW). The vote was 99.98% in favour.