Warehouse REIT property values rise; still eyes equity raising

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Warehouse property investor Warehouse REIT said the value of its portfolio had risen in the four months through January.

The portfolio was independently valued at £464.8m as at the end of January, up from £438.7m at the end of September.

Its value increased by £15.1m on a like-for-like basis, taking into account net investment activity and portfolio capital expenditure.

That represented a rise of 6.3p per share.

'The company recently announced it is contemplating an equity raise,' Warehouse REIT said.

'Any such fundraising is expected to follow the publication of a prospectus and further details will follow in due course.'

At 9:07am: (LON:WHR) Warehouse Reit PLC share price was 0p at 115.5p