ORIT Reports Solid Returns Amid Market Challenges

Octopus Renewables Infrastructure Trust Plc (GB:ORIT) has released an update.

Octopus Renewables Infrastructure Trust (ORIT) reported a modest NAV total return of 2% for the first half of 2024, despite a slight drop in NAV and a -16.9% shareholder total return influenced by broader market trends. The interim dividend met annual targets, with potential for an attractive yield and narrowing discount to NAV as operational performance strengthens and macro concerns fade. Investors may find ORIT’s current yield around 7.6% and 24% discount to NAV particularly compelling given the positive capital recycling outcomes.

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