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LONDON - Warehouse REIT plc (LSE:WHR) announced corrections to two minor inaccuracies in its Annual Report published on June 11, according to a statement released Wednesday.
The first correction pertains to the EPRA Net Initial Yield table, where the company incorrectly transposed £1.3 million of ground rent expenses for the financial year ending March 31, 2025. This adjustment changes the reported EPRA Net Initial Yield from 4.9% to 4.8% and the ’topped-up’ net initial yield from 5.3% to 5.1%.
The second correction involves the definition of Occupancy on page 152, which will no longer include the reference to "equivalent to one minus the EPRA vacancy rate." Additionally, a reference to the company’s asset at Speke on page 24 will be deleted. The company explained that these changes are due to "immaterial differences in the definition between Company Occupancy Rates and EPRA vacancy rates."
The corrections do not affect any information provided for the prior year ending March 31, 2024.
Warehouse REIT, a UK Real Estate Investment Trust focused on multi-let warehouse assets across industrial hubs in the United Kingdom (TADAWUL:4280), made the announcement based on information it recently discovered, according to the press release statement.
The company’s shares trade on the London Stock Exchange (LON:LSEG).
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