Warehouse REIT PLC (GB:WHR) has released an update.
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Warehouse REIT PLC reports a robust year with a 5.1% increase in like-for-like rental growth driven by strong demand in industrial markets, leading to a 2.0% rise in portfolio value and improved earnings. The company has sold £165.2 million of non-core assets, completing their disposal plan, while also acquiring the Ventura Retail Park for £38.6 million, enhancing their focus on multi-let industrial assets. The firm’s strategic disposals and acquisitions have positioned it well for future growth, with the company maintaining a high occupancy rate of 96.4% and a healthy loan-to-value (LTV) ratio.
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