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LONDON (Alliance News) - Aberdeen Standard European Logistics Income PLC on Thursday declared a 0.7 pence per share interim dividend in its first results since making its debut on the London Main Market.
For the period to the end of June from October 25, the date of its incorporation, Aberdeen Standard European reported rental income of EUR343,000. Net asset value stood at EUR1.11 per share, dipping from EUR1.12 following its IPO in December.
During the period, the company acquired five properties, reflecting a total investment volume of EUR139.4 million and a weighted average unexpired lease term of 8.9 years.
Currently the investment company is targeting an aggregate dividend of no less than 3.0 pence per share for the period to the end of 2018.
In December 2017, Aberdeen Standard European Logistics raised GBP187.5 million in its initial public offering.
"The board is pleased with the current investment programme and the quality and diversity of the portfolio that our Investment Manager is constructing. However, it is the board's desire to see the company grow sensibly in size and it will continue to monitor the conditions required, including yields, quality and outlook for the sector," said Chairman Pascal Duval.
Shares in Aberdeen Standard European Logistics Income were up 1.4% at 109.50 pence on Thursday.