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Walls & Futures REIT shrugs off Brexit uncertainty to deliver first-half NAV growth

“We have identified a number of opportunities and are working with our partners, local authorities, housing associations and charities, to deliver these much need places in the near future," said chief executive Joe McTaggart

Walls & Futures
The firm continues to see strong demand for affordable housing

Affordable housing firm Walls & Futures REIT Plc (LON:WAFR) achieved a slight increase in net asset value in the first half as it shrugged off Brexit uncertainty.

The group, which provides supported housing and extra care homes through local authorities, housing associations and charities, said its net asset value stood at £3.26mln at the end of September, compared to £3.10mln a year ago, while the NAV per share remained unchanged at 92p.

"Although there is increased economic and political uncertainty, the need for supported housing and extra care places continues to increase throughout the country,” said chief executive Joe McTaggart.

“We have identified a number of opportunities and are working with our partners, local authorities, housing associations and charities, to deliver these much need places in the near future."

READ: Walls & Futures posts profit after first supported accommodation build

The company received rent of £67,041 and made a loss before tax of £69,199 and in the first half. 

Quick facts: Walls & Futures REIT Plc

Price: 55.5 GBX

NEX:WAFR
Market: NEX
Market Cap: -
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