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Property Investment Company Ace Liberty said it had 'substantially increased' the value of its portfolio and also touted 'good' visibility of earnings for the new financial year.
For the year ended 30 April, the value of its portfolio rose 22.4% to 86.9m and annual rental income wsa now at an annualised run-rate of a healthy £6.5m
The company said it had started its new financial year with 'good visibility of earnings and an assured level of income.'
In the past financial year, Ace made nine acquisitions.
'The company's strong visibility on income has enabled it (subject only to adequate profitability and cashflow in the future) to increase dividend payments from one payment for FY2017 /18 to three for FY2018/19. Total dividends paid and declared in respect of financial year 2019 so far total £694,582,' Ace said.