Elite UK Reit

It is also expanding into student housing with the conversion of its Lindsay House property

After stabilising the trust, CEO Joshua Liaw looks to more asset repositioning, active portfolio management

It will be paid out on Mar 30, after the record date on Feb 20

Its portfolio’s weighted average lease to expiry is expected to improve from 2.4 years to 7.2 years

The improvement is attributed to interest savings through capital management and interest rate optimisation

Net property income for the half year is down 1.3% at £18 million from £18.2 million in H1 2024

This comes as the Dundee market is in short supply of high-quality affordable student accommodation

To partly fund the acquisition, the Reit has launched a private placement to raise £4 million

Net property income for the quarter is up 24.4% at £10.4 million