- Real Estate investment trust Local Shopping REIT cut losses as lower operating expenses offset a fall in rental income.

For the six months ended 31 March 2020, pre-tax losses narrowed to £0.06m from £1.90m on-year, while gross rental income more than halved to £459K from £229K.

Operating expenses fell to £45K from £672K on-year, helping net rental income return to growth. Net rental income was 184K compared with a loss 213K on-year.

Story provided by