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(Alliance News) - Aberdeen Standard European Logistics Income PLC on Wednesday said its performance improved in the final quarter of 2020.
The UK-based investment trust said net asset value share increased by 6.6% to 120.1 cents as at the end of 2020 compared to 112.7 cents reported at the end of September 2020, reflecting a NAV total return of 20% for 2020.
Portfolio valuation, meanwhile, was up 6.0% to EUR430.2 million versus EUR405.7 million at the end of September 2020.
The company declared a fourth interim dividend of 1.24 pence per share, taking the total dividend for 2020 to 4.96p per share.
"We continue to see strong levels of rent collection, reflecting the quality of our tenant mix and critical nature of the assets. Nonetheless we understand that the pandemic continues to affect businesses globally, despite early indications of vaccine successes," noted fund manager Evert Castelein.
"It remains the board's intention to continue scaling the company, further diversifying the asset and tenant base and improving the quality and visibility of the income," added Chair Tony Roper.
Aberdeen Standard European Logistics Income shares were trading 1.7% lower in London on Wednesday morning at 117.50p each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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