Warehouse REIT PLC (GB:WHR) has released an update.
Warehouse REIT PLC, a UK-based investor in multi-let warehouses, has successfully sold single-let assets totaling £57.5 million, aligning with their strategic shift towards a predominantly multi-let portfolio, now constituting 77% of their holdings. The company is also making strides in its deleveraging plan, having offloaded £165.2 million in assets since November 2022. These latest sales support the company’s goal of rebuilding dividend coverage by reducing debt and finance costs, while also focusing on the multi-let sector to drive long-term income and capital growth.
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