Business
Unaudited NAV as at 30 June 2025
Unaudited NAV as at 30 June 2025.
About this update from Abrdn European Logistics Income Plc
[{"type":"text","content":"\n\nabrdn European Logistics Income plc LEI: 213800I9IYIKKNRT3G50\nUnaudited Net Asset Value as at 30 June 2025\n3 September 2025 - abrdn European Logistics Income plc (the \"Company\" or \"ASLI\") announces its unaudited Net Asset Value (\"NAV\") for the quarter ended 30 June 2025. To enhance disclosure for shareholders, the NAV is presented both including and excluding estimated property disposal and SPV liquidation costs.\nSummary\n\n\n\n\n-\n\n\nThe portfolio valuation decreased by €23.4 million (-4.1%) to €545.2 million. The valuations used in the NAV reflect actual sale prices achieved on properties sold post quarter end, with the reduction in valuation predominantly reflecting adjustments associated with the Gavilanes portfolio disposal.\n\n\n\n\n- \n\n\nIFRS NAV per Ordinary Share decreased by 6.7% to 81.2c (GBp - 69.5p) (31 March 2025: 87.0c (GBp - 72.7p)).\n\n\n\n\n-\n\n\nNAV per Ordinary Share including provision for estimated portfolio disposal and company structure liquidation costs decreased by 6.7% to 78.8c (GBp - 65.8p)1 (31 March 2025: 84.5c (GBp - 70.6p)).\n\n\n\n\n-\n\n\nEPRA Net Tangible Assets decreased by 6.5% to 83.6c per Ordinary Share (31 March 2025 - 89.4c)\n\n\n\n\n-\n\n\nPost the quarter end, the Company announced:\n- Completion of disposals in Germany, the Netherlands and Spain totalling c.€275 million, further advancing the managed wind-down;\n- Return of capital of approximately £103 million by way of the B Share scheme in two tranches, equivalent to 12.0 pence and 13.0 pence per Ordinary Share respectively.\n\n\n\n\n-\n\n\nDuring the quarter, the Company repaid an €11 million loan expiring in June 2025. At the quarter end, the Company had aggregate fixed debt facilities totalling €207 million with a Loan to Value ('LTV') of 36.6%. Following the completion of sales announced post quarter end, the Company's loans outstanding amount to €80.2 million.\n\n\n\n\n\n\n\n1 The 30 June 2025 NAV figures set out above do not take account of the two B Share distributions declared after the quarter end, one of which was paid on 13 August 2025 and the other scheduled for payment on 30 September 2025. Additionally, the NAVs do not reflect the potential latent capital gains tax liability of 1-2 pence per share as disc...