Share Prices & Company Research

Market News

24 Apr 2019 | 09:46

Ediston Property Investment net assets decrease amid uncertainty in retail market

Ediston Property Investment Co's net asset value total return decreased in the first quarter amid 'extremely' negative sentiment across the retail sector

For the three months to 31 March, NAV total return (including dividends) for the quarter fell 0.7% and the company's portfolio was valued at £328.8m at 31 March - a decrease of 0.9% from the valuation at 31 December. 'The relatively modest fall in the valuation of the portfolio and consequent impact on the NAV has occurred in the context of extremely negative sentiment across the entire retail sector,' the company said. The EPRA vacancy rate was reduced from 6.3% to 3.1% over the quarter, contributing to the limited reduction in value, the company added. 'The continued political uncertainty is causing property investors to adopt a 'wait-and-see' approach to deploying their capital,' the company said. 'Further volatility in capital values is to be expected but this can be mitigated by completing asset management initiatives which secure income and help increase the weighted average unexpired lease lengths of assets.'

At 9:46am: (LON:EPIC) Ediston Property Investment Company Plc share price was +0.25p at 105.75p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.