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UK Commercial Property REIT Ltd - Guernsey-based commercial property investment trust - Net asset value per share grows by 9.0% to 111.2 pence at March from 102.0p at December 31, firm reported on Wednesday. Raises quarterly dividend by 6.7% to 0.80p per share, from 0.75p a quarter ago. The increase ‘reflects the current investment and development pipeline in addition to the commitment by the investment manager to reduce their management fee,’ company explains.
The firm is benefiting from ‘improved corporate efficiencies arising from the reduction in investment management fees we announced at year end,’ Chair Ken McCullagh comments.
Current stock price: 86.21 pence, down 2.1% on Friday
12-month change: up 9.0%
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