Stenprop: High occupier demand drives strong year end results

11th June 2021

Stenprop the multi-let industrial property REIT today highlighted continued high occupier demand for MLI space, a 10% increase in the valuation of the MLI portfolio and a dividend maintained at 6.75p per share in year end results announced today

Paul Arenson, CEO of Stenprop, added: “A combination of the efforts of our asset management team, the strength of occupier demand for our multi-let industrial space and the quality of our portfolio, led to a 10.1% increase, on a like-for-like basis, in the valuation of our MLI portfolio and underpinned like-for-like MLI rental growth of 5.6% for the year.We remain firmly on track to become a 100% UK MLI business by the end of the current financial year, having reached 74% by the year end, up from 58% at the start of the year.

Below is a webinar recorded today with CEO Paul Arenson who provides us with the highlights from the period

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Stenprop CEO Paul Arenson
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