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Interim Results

F&C UK Real Estate NAV up

01 March 2017 08:55

F&C UK Real Estate Investments reports a steady performance for the six months to the end of December despite uncertainty in the aftermath of the Brexit vote.

The net asset value total return per share for the period was 0.5% and the NAV per share at the period end was 97.2 pence.

Chairman Vikram Lall said: "It has been a period of great uncertainty in the aftermath of the Brexit vote but despite this background the group has experienced six months of steady performance driven by the portfolio's income return, occupancy rate and recent leasing successes.

"The net asset value total return per share for the period was 0.5% and the NAV per share at the period end was 97.2 pence.

"Our share price recovered over the six months as markets rebounded from the initial shock of the referendum result.

"Our share price total return was 14.8% over the period and our shares were trading at a slight premium to the NAV of 1.9% at the period end, compared to a discount of 10.8 per cent as at 30 June 2016."

At 8:55am: (LON:FCRE) FC UK Real Estate Investments Ltd share price was -0.5p at 102.5p

Story provided by StockMarketWire.com

Related Company: FCRE

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