Business
Unaudited Net Asset Value as at 30 September 2021
Unaudited Net Asset Value as at 30 September 2021.
About this update from Abrdn European Logistics Income Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8405S\n Aberdeen Standard Eur Lgstc Inc PLC\n 19 November 2021\n \n \n \n \n \n \n \n LEI: 213800I9IYIKKNRT3G50\n \n \n \n \n \n Aberdeen Standard European Logistics Income PLC\n \n \n \n \n \n Unaudited Net Asset Value as at 30 September 2021\n \n \n \n \n \n FURTHER VALUATION GAINS DRIVEN BY ASSET SELECTION AND STRONG FUNDAMENTALS\n \n \n \n \n \n 19 November 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\") for the quarter ended 30 September 2021.\n \n \n \n \n \n Highlights\n \n \n · \n NAV per Ordinary share increased by 2.5% to 126.7c (GBp - 109.0p\n 1\n ) (30 June 2021: 123.6c (GBp - 106.1p)), reflecting a NAV total return of 17.5% (in Euro terms) for the 12 months to 30 September 2021\n \n \n · \n Portfolio valuation of €504.0 million increased by 2.3% or €11.4 million (on a like-for-like basis and using the purchase price for the Barcelona property), reflecting modest yield compression\n \n \n · \n 100% of the rent due for the quarter ended 30 September 2021 collected\n \n \n · \n Portfolio comprises 16 strategically located, modern and diversified European logistics assets with increasingly enhanced / best in class ESG credentials, across five countries \n \n \n · \n Significantly oversubscribed share issue raised gross proceeds of £125 million following scaling back\n \n \n · \n The Investment Manager is undertaking due diligence on a significant portfolio in one of its key geographies, which is under exclusivity and would see the majority of available equity deployed.\n \n \n \n \n \n Evert Castelein, Fund Manager, Aberdeen Standard Investments, commented:\n \n \n \"The growth witnessed in the Continental European logistics sector in recent years continues unabated, with the current global supply chain issues putting further upward pressures on demand. Coupled with the strong demographic and technological drivers of e-commerce growth, this has underpinned a further consecutive quarter of portfolio valuation uplifts. Our focus remains on scaling the platform and further diversification to take advantage of these dynamics, whilst accelerating the delivery of our sustainability-led a...