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Annual Results

EPIC hits flotation goals

27 January 2016 07:46

Ediston Property Investment Co's board is pleased with progress made in the company's maiden year having delivered on the objectives set at flotation.

Results for the year to 30 September show an EPRA NAV total return of 13.7% and a share price total return of 14.3%.

The group acquired 11 properties during the period for GBP119.8 million.

The group posts a pre-tax profit of GBP12.9m and paid total dividends of 5.09p per share.

Chairman William Hill said: "The Board is pleased with the progress made in the Company's maiden year having delivered on the objectives set at flotation. Another step forward has been made since the year end with a positive movement of the NAV at 31 December 2015 to 107.92 pence per share, an increase of 1.3% despite incurring the costs of a further acquisition. The Board believes a good platform has been established to move ahead with some optimism."

Story provided by StockMarketWire.com

Related Company: EPIC

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