Revenue at Walls & Futures REIT Plc (AQSE:WAFR) climbed by a third last year as the social housing investor outperformed the benchmark MSCI UK Residential Index for the second year running.
Walls & Futures’ portfolio, which includes care homes and supported housing leased to local authorities, delivered a total return of 8.75% in the 2018 calendar year. That was ahead of the benchmark index, which returned 5.2%.
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“This is the second consecutive year we have outperformed the index and believe it demonstrates the potential of our development strategy,” the company said.
Revenue rose by 32% to £135,900 in the 12 months ended 31 March (2018: £102,900), although Walls & Futures slipped to a loss of £18,300 (2018: profit of £45,400).
As for the value of the company’s investment property, that increased by 4.79%.
Looking ahead, Walls said it has developed a pipeline of new investments with a number of transactions currently under consideration.