Stenprop has reported a 89.5% like-for-like leap in its pretax profit to £25.4m for the six months ended 30 September.
The firm’s portfolio valuation also increased – by 7.8% to £574.1m – which drove a 4.4% increase in its basic net asset value per share to £1.44.
However, rental income was down 4.4% to £15.1m, while revenue remained broadly flat at £21.1m, nudging up slightly from £21m last year, and £15.1m.
