Industrials REIT plans to enter the premium segment of the London Stock Exchange’s main market early next year.
The £543m REIT, which changed its name from Stenprop last month, is currently in the standard segment. A promotion would require it to prove that 75% of the business is supported by a revenue earning record of three years and would allow it access to the FTSE indices.
Paul Arenson, chief executive of Industrials REIT, confirmed the plans in a trading update this morning. “Following the rebrand of the company to Industrials REIT in September, we now enter the second half of the financial year during which we expect to move to the premium segment of the main market of the London Stock Exchange in early 2022.”
