Walls & Futures the ethical housing investor and developer, saw its net asset value (NAV) per share surge by 15% last year.

The real estate investment trust (REIT) said that following completion of its Didcot property in December 2019, and the annual valuation of the company’s residential property portfolio, the NAV per share was 106p, up from 92p a year earlier.

“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,” said Joe McTaggart, the chief executive officer of Walls & Futures.