Business
Q2 2021 NAV and Second Interim Dividend
Q2 2021 NAV and Second Interim Dividend.
About this update from Abrdn European Logistics Income Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0902J\n Aberdeen Standard Eur Lgstc Inc PLC\n 19 August 2021\n \n \n \n \n Aberdeen Standard European Logistics Income PLC\n \n \n \n \n \n LEI: 213800I9IYIKKNRT3G50\n \n \n \n \n \n \n \n \n Unaudited Net Asset Value as at 30 June 2021\n \n \n Declaration of Second Interim Dividend\n \n \n \n \n \n GROSS ASSETS EXCEED €500 MILLION DRIVEN BY PORTFOLIO VALUATION UPLIFT AND NEW ACQUISITION\n \n \n \n \n \n 19 August 2021 - \n Aberdeen Standard European Logistics Income PLC\n (LSE: ASLI), the Company which invests in high quality European logistics properties, announces its unaudited quarterly Net Asset Value (\"NAV\") and dividend for the quarter ended 30 June 2021.\n \n \n \n \n \n Highlights\n \n \n · \n NAV per Ordinary share increased by 1.6% to 123.6c (GBp - 106.1p\n 1\n ) (31 March 2021: 121.6c (GBp - 103.6p)), reflecting a NAV total return of 14.7% (in Euro terms) for the 12 months to 30 June 2021\n \n \n · \n Portfolio valuation increased by 1.9%, or €8.7 million (on a like for like basis and using Lodz purchase price) to €473.9 million, reflecting further modest yield compression, and taking gross assets to over €500 million\n \n \n · \n 100% of the rent due for the quarter ended 30 June 2021 collected\n \n \n · \n €18.8 million acquisition of a modern urban logistics warehouse in Polinyà, Barcelona, Spain, completed in July 2021, further enhancing the Company's sustainability credentials and the portfolio's weighting to the high growth urban logistics sector\n \n \n · \n Portfolio now comprises 16 strategically located, modern and diversified European logistics assets across 5 countries\n \n \n · \n Long-term solar panel leases at the Company's Ede and Den Hoorn assets have delivered a capital uplift of approximately €1 million\n \n \n · \n The Company declares a second interim dividend of 1.41 euro cents (equivalent to 1.21 pence) per Ordinary share in respect of its financial year ending 31 December 2021.\n \n \n \n \n \n Acquisition of Sixteenth Asset\n \n \n In July 2021, the Company announced that it had completed on the acquisition of a modern urban logistics warehouse in Barcelona, Spain's second most populous city. The purchase price of €18.8 million reflects a net initial yield of 3.7% and net reversionary yield of 4.75%.\n \n \n \n \...