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Caledonia Investments PLC on Thursday said its net assets grew by a quarter in financial 2022 due to a strong performance from its portfolio.
The FTSE 250-listed investment trust reported a net asset value of £2.78 billion as at March 31, up 25% from £2.23 billion on the same date the year prior.
Its net asset value per share stood at 5,032 pence at the end of financial 2022, reflecting 27% growth from 3,940p.
Caledonia's total NAV return for financial 2022 was 27.6% versus 25.9%, year-on-year.
The London-based trust credited this to the robust performance of its portfolio. It said that its Quoted Equity portfolio, specifically, benefitted from exposure to high-quality growth stocks in the US. It still noted that increased volatility since January saw returns reduce from earlier in the year.
Caledonia said that total liquidity remains ‘healthy’ with cash of £341 million and undrawn bank facilities of £250 million as at March 31.
Shares were up 3.7% at 3,643.80 pence each on Thursday morning in London.
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