Ireland-based industrial property and offices investor Yew Grove REIT (LON: YEW) managed to cover the additional costs of moving to the main Euronext market in Dublin from the Growth Market due to REIT regulation requirements. The AIM quotation is being retained.
The market move cost €900,000 and after that cost the interim pre-tax profit before property gains was still €2.52m on revenues of €6m. NAV edged up to €1.0064 cents a share.
Rental income has held up well with 99% of rents collected in the first half. There was also 20,000 square feet of vacant space lent earlier in the year. ...
