The latest announcement is out from abrdn European Logistics Income PLC ( (GB:ASLI) ).
abrdn European Logistics Income plc announced its full year results for 2024, highlighting a strategic shift towards a managed wind-down of the company following shareholder approval. The company reported a decrease in net asset value per share and a reduction in portfolio size, with significant asset sales in the Netherlands and Spain. These sales have allowed the company to pay down debt, and a B Share Scheme was introduced to return capital to shareholders. The company anticipates reduced income generation as the asset disposal program continues, impacting future dividend distributions.
More about abrdn European Logistics Income PLC
abrdn European Logistics Income plc is a Continental European investor specializing in modern warehouses. The company is managed by Aberdeen and focuses on logistics properties across Europe.
YTD Price Performance: -2.18%
Average Trading Volume: 956,859
Technical Sentiment Signal: Strong Buy
Current Market Cap: £218.5M
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