CLS Holdings Share News (CLI)

(Sharecast News) - Office landlord CLS Holdings said annual net asset rose driven by acquisitions, higher income and portfolio gains.
Basic NAV rose 7.1% to 295p a share as pre-tax profits rose to ?159m from ?144.9m. EPRA net asset value rose 6.3% to 329.2p a share.

A final dividend of 5.05p a share was declared for a total of 7.4p, up 7.2%.

The company realised a ?40m gain on the sale of its bond portfolio and its stake in Swedish logistics property firm Catena.

Net rental income increased 3.1% to ?110.6m, driven by higher rental values and new acquisitions in the UK, France and Germany.

The company's property portfolio was valued at ?1.97bn, up from ?1.77bn a year earlier.