3i Infrastructure meets total return aim and net asset value climbs

3i Infrastructure PLC on Tuesday hailed a ‘solid’ annual performance in the pace of geopolitical uncertainty.

The infrastructure investor said its net asset value per share rose 4.9% to 405.2 pence at March 31, from 386.2p the year prior.

Shares in the firm were down 0.5% to 370.51p each in London on Tuesday morning.

It generated a total return of 8.5% for the year to March 31, in line with its 8% to 10% target.

‘We have met or exceeded our return objective in every year for over a decade,’ Chair Richard Laing said.

‘3i Infrastructure delivered a solid performance in a year marked by geopolitical and macroeconomic uncertainty.’

3i Infrastructure raised its dividend by 6.3% to 13.45p per share from 12.65p. Its target dividend for the new year is 14.30p, up 6.3% on-year.

Ways to help you invest your money