StockMarketWire.com - The Local Shopping REIT's net asset value fell to £41.3m or 50p per share at the end of September - down from £53.8m or 65p per share in 2011.

The adjusted NAV of £50.4m or 61 pence per share excluding liabilities arising from derivative financial instruments was down from £63.1m or 76p per share.

The company says the annual rent roll of £15.9m was down from £16.2m with like-for-like rent down 1.7% (2011: up 0.7%).

Recurring profit increased by 5.1% to £3.4m or 4.2p per share (2011: £3.2 million or 4.0 pence per share) with a loss before tax of £9.2m or 11.3 pence per share (2011: loss of £0.7m or 0.9 pence per share).

Total dividend for the year is maintained at 4.0p per share


At 9:49am: [LON:LSR] share price was -1.25p at 34.38p



Story provided by StockMarketWire.com