Warehouse REIT declares maiden interim dividend, sticks to FY payout guidance
Source - SMW
Warehouse REIT declared a maiden interim dividend of 1p per share and said it was on track to deliver a dividend of 5.5p for the full year.
'We have made solid progress in terms of delivering against our strategy for Warehouse REIT, with the business's performance since IPO exceeding our expectations,' chairman Neil Kirton said.
'At this early stage of the company's life, we are pleased to be assembling a portfolio of multi-let UK urban warehouse assets aligned to the investment strategy, demonstrating the sourcing abilities of our experienced team.'
'Letting activity continues to proceed at levels ahead of our business plan. Furthermore, with an active pipeline of new investment opportunities under review, we are confident in our ability to deploy our remaining IPO proceeds ahead of initial forecasts.'