Walls & Futures REIT plc (“WAFR”) the Ethical Housing Investor and developer is pleased to announce that following the completion of the Didcot property in December 2019 and annual valuation of the company’s residential property portfolio, it can report that as at 31 January 2020 it has increased its Net Asset Value (“NAV”).
The valuation represents a 15 per cent increase to 106 pence per share from 92 pence per share over the last year. The unaudited NAV reflects an independent RICS “Red Book” valuations prepared on an individual asset basis by John D Wood & Co.
Joe McTaggart, CEO of Walls & Futures REIT plc commented:
“We are delighted with the 15% increase in our Net Asset Value per share and demonstrates the benefit of our strategy to originate our own deals and develop our own projects over acquiring ready-made assets from third parties.”
