abrdn European Logistics Income Reports NAV Decline

abrdn European Logistics Income PLC (GB:ASLI) has released an update.

abrdn European Logistics Income PLC reports a decrease in net asset value per ordinary share by 21.4% to 93.4 cents, with a total NAV return of -17.1% for the year ending December 31, 2023. The company’s portfolio value dropped to €634 million due to higher interest rates and sector-wide re-pricing, despite active management initiatives and disposal of mature assets. Looking forward, the company remains focused on earnings growth through portfolio occupancy improvements and leveraging indexation characteristics.

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