JPMorgan Global Core Real Assets Ltd - London-based real estate, transportation and infrastructure investor - Net asset value per share ends February 28 at 95.0 pence, rising from 87.9p at same point year before. Declares total annual dividend of 4p, representing four dividends of 1p each. Notes it plans to maintain current level of dividend.
Records NAV total return in period of 13%.
"This is a strong result and the board is delighted that the company's strategy is now generating attractive returns for investors, while being disappointed that JARA's share price total return did not keep pace with the net asset value, ending the year down 8.9%, reflecting a discount to underlying NAV at which the shares were trading on February 28," Chair John Scott says.
Investment manager, JPMorgan Asset Management, adds: "With inflation running high, and central banks trying to thread the needle to achieve a 'soft landing', combined with geopolitical events in Europe, this highlights the need to build a resilient portfolio through diversification. The benefits of a global portfolio have never been more important, especially in real assets where risk and return is often linked to the local market."
Current stock price: 106.52 pence
12-month change: up 20%
By Paul McGowan; paulmcgowan@alliancenews.com
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Jpmorgan Global (JARA)