INDUSTRIALS REIT (MLI)

FY Results: Like-for-like passing rent increased 4.4% (2021: 5.6%). Occupancy across the MLI portfolio was steady at 93.6% (2021: 93.7%). Rent collection levels are now nearing pre-Covid levels with a reduction in the bad debt expense to £1.3 million (2021: £2.0 million). Low loan to value of 25.6% (2021: 28.1%) with total debt of
£196.2 million. Diluted HEPS was 7.02 pence (2021: 7.25 pence). A final dividend of 6.85 pence per share was declared (2021: 6.75 pence per share).