DJ Walls & Futures REIT PLC Net Asset Value(s)
RNS Number : 5109C
Walls & Futures REIT PLC
11 February 2020
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
11 February 2020
WALLS & FUTURES REIT PLC
("Wall & Futures" or the "Company")
Walls & Futures reports a 15% increase in Net Asset Value Per Share
Walls & Futures REIT plc ("WAFR") the Ethical Housing Investor and developer is pleased to announce that following the completion of the Didcot property in December 2019 and annual valuation of the company's residential property portfolio, it can report that as at 31 January 2020 it has increased its Net Asset Value ("NAV").
The valuation represents a 15 per cent increase to 106 pence per share from 92 pence per share over the last year. The unaudited NAV reflects an independent RICS "Red Book" valuations prepared on an individual asset basis by John D Wood & Co.
Joe McTaggart, CEO of Walls & Futures REIT plc commented:
"We are delighted with the 15% increase in our Net Asset Value per share and demonstrates the benefit of our strategy to originate our own deals and develop our own projects over acquiring ready-made assets from third parties."
For further information, contact:
Walls & Futures REIT PLC 0333 700 7171
Joe McTaggart, Chief Executive
Allenby Capital Limited (Corporate Adviser)
Nick Harriss/James Reeve 020 3328 5656
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(END) Dow Jones Newswires
February 11, 2020 02:00 ET (07:00 GMT)