LONDON (ShareCast) - (ShareCast News) - TR Property Investment Trust posted its full year results for the 12 months to 31 March on Thursday, with its net asset value per share rising 5% to 352.42p.
The FTSE 250 company said shareholder's funds totalled £1.118bn at year-end - an increase of 5% - with the number of shares in issue down slightly year-on-year at 317.4 million, from 317.5 million.

Its net debt ratio was 13.3%, increasing from 11.9% at the end of the 2016 financial year.

The share price moved 5.7% during the year to 314.50, and its market capitalisation was also ahead 5.7% at £998m.

Revenue earnings per share were 11.38p, up 36.1%, and the board paid a net interim dividend of 4.1p, a 30.2% increase.

Including its net final dividend per share of 6.4p - a 23.1% improvement - TR Property's net total dividend per share was 10.5p, up 25.7% on a year earlier.

"I'm pleased to report another solid year of performance from the trust," said chairman Hugh Seaburn.

"The board are particularly pleased to announce a final dividend of 6.4p which brings the full year dividend to 10.5p, a 25.7% increase on the previous year.

"This also brings the 10 year compound annual dividend growth rate to an impressive 9.9%."

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