Walls & Futures REIT PLC Statement re Portfolio outperforms benchmark (6976H)
March 14 2018 - 6:00AM
UK Regulatory
TIDMWAFR
RNS Number : 6976H
Walls & Futures REIT PLC
14 March 2018
Walls & Futures REIT plc
(Epic: WAFR)
Walls & Futures REIT plc outperforms benchmark
Walls & Futures REIT plc is pleased to announce that for the
calendar year 2017, its portfolio delivered a total return of 11.5%
against its benchmark, the MSCI's IPD UK Residential Property
Index, which returned 7%.
Joe McTaggart, CEO of Walls & Futures REIT plc comments:
"We're delighted with the portfolio performance and believe it
illustrates the effectiveness of our investment strategy while
serving as an indicator of our potential, enabling investors to
compare our absolute and relative performance with that of the
index and our larger peers.
As we scale the business, we believe the returns generated from
the growing portfolio will be reflected in our operational
performance.
Our aim is to continue to make quality investments in the Social
Housing sector that add much needed capacity, positively impacting
the lives of the most vulnerable people in our communities while
delivering a financial return for our shareholders."
About Walls & Futures REIT plc
Walls & Futures REIT plc provides homes for some of the most
vulnerable people in society. We strive to make a difference by
delivering homes that are adapted to meet the needs of each
individual, enabling them to lead more fulfilling lives.
We are currently focused on delivering Supported Housing for
people with a range of disabilities including autism, learning and
physical disabilities and mental health needs. Collaborating with
our customers and strategic partners we design, fund, build and
deliver quality homes throughout the UK.
We are building a portfolio of high yielding residential
properties let on long term leases, with rents increasing in line
with inflation, to quality tenants including charities and housing
associations. Our financial target is to deliver a long-term annual
net return of 7-9% of which 3-4% will be paid in the form of a
dividend.
Walls & Futures is a Real Estate Investment Trust (REIT)
quoted on the NEX Exchange Growth Market (Ticker: WAFR) and is a
member of the Social Stock Exchange.
For further information
Walls & Futures
Joe McTaggart - Chief Executive
Walls & Futures REIT plc
3rd Floor
111 Buckingham Palace Road
London, SW1W 0SR
T 020 7340 8677
E joe@wallsandfutures.com
W www.wallsandfutures.com
Corporate Adviser
David Papworth
City & Merchant Limited
Level 17 Dashwood House
69 Old Broad Street
London, EC2M 1RX
T 020 7101 7676
E info@cityandmerchant.com
About MSCI
For more than 40 years, MSCI's research-based indexes and
analytics have helped the world's leading investors build and
manage better portfolios. Clients rely on our offerings for deeper
insights into the drivers of performance and risk in their
portfolios, broad asset class coverage and innovative research.
Our line of products and services includes indexes, analytical
models, data, real estate benchmarks and ESG research. MSCI serves
97 of the top 100 largest money managers, according to the most
recent P&I ranking.
For more information, visit us at www.msci.com.
Media Inquiries:
Karen Mulligan
MSCI Global Client Service
EMEA Client Service Americas Client Service Asia Pacific Client
Service
karen.mulligan@msci.com +44 20 7336 9243
This information is provided by RNS
The company news service from the London Stock Exchange
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