Business
Unaudited NAV and Fourth Interim Dividend
Unaudited NAV and Fourth Interim Dividend.
About this update from Abrdn European Logistics Income Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1034Q\n Aberdeen Standard Eur Lgstc Inc PLC\n 24 February 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 Unaudited Net Asset Value as at 31 December 2020 and Declaration of Fourth Interim Dividend\n \n \n \n \n \n STRONG VALUATION UPLIFT AND RENT COLLECTION FROM HIGH-QUALITY PORTFOLIO SOLELY FOCUSED ON FAST GROWING EUROPEAN LOGISTICS SECTOR\n \n \n \n \n \n 24 February 2021 - \n Aberdeen Standard European Logistics Income PLC\n (LSE: ASLI), the Company which invests in high quality European logistics properties, today provides a Company update and announces its unaudited quarterly Net Asset Value (\"NAV\") and dividend for the quarter to 31 December 2020. \n \n \n \n \n \n Highlights\n \n \n · \n NAV per Ordinary share increased by 6.6% to 120.1c (GBp - 107.9p) (30 September 2020: 112.7c (GBp - 102.9p)), reflecting a NAV total return of 20.0% (13.6% in Euro terms)\n 1\n for the 12 months to 31 December 2020 (Exchange rate £1 : €1.11 (30 September 2020: £1 : €1.10)\n \n \n · \n Portfolio valuation up 6.0%, or €24.5 million, to €430.2 million (30 September 2020: €405.7 million)\n \n \n · \n 100% of the rent due for the quarter ended 31 December 2020 collected\n \n \n · \n €28 million acquisition of a new warehouse in Poland expected to complete in Q1 2021, following which the portfolio will comprise 15 strategically located, modern and diversified European logistics assets\n \n \n · \n The Company declares a fourth interim dividend of 1.24 pence per Ordinary share in respect of the year ended 31 December,\n \n dividends in respect of the year ended 31 December 2020 will total 4.96 pence per Ordinary share\n \n \n · \n Improving portfolio sustainability metrics with the award of four out of five Green Stars by GRESB (\"Global Real Estate Sustainability Benchmark\")\n \n \n \n \n \n Tenant Update \n \n \n The Company has been made aware that Office Dépôt France, the sole tenant occupying its Meung-sur-Loire asset in France, has sought court protection and the appointment of an administrator. The property serves as the tenant's key national distribution hub, reflecting its strategic location in one of France's fastest-growing logistics regions. \n \n \n As at 31 December 2020 t...