A RNS from the REIT has revealed several non-binding proposals have been made for the trust, covering a wide range of prices.
These ranged from a premium to the trust’s current share price of 109.2 pence to a discount of its last published net asset value (in June 2024) of 133.2 pence.
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Stressing that this will not definitely lead to a sale, the board stated: “The board intends to invite a subsection of such parties to enter into a confirmatory due diligence process which is expected to be completed no later than the end of Calendar Q1 2025.”
The board has also announced an increased interim dividend of 1.1 pence per ordinary share in respect of the second quarter, October to December 2024.
This is in reflection of continued strong rental and earrings growth.
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