The REIT’s half year results attribute three months of this contribution to its takeover of the Urban Logistics REIT.

Additionally, LondonMetric’s EPRA earnings grew 9.7% over this period to £148.6m or 1.5% higher on a per share basis. This is 28% higher over a two-year timeframe.

Acquisitions have helped boost LondonMetric’s portfolio during this time with £1.2bn of assets added, and £55.4m acquired since September.

LondonMetric has also made disposals during this period, selling £185.3m of assets before September and £26.3m since.

Improved scale has helped the REIT enhance its debt structure.

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YTD, LondonMetric has signed £730m of new unsecured debt facilities with £724m of secured facilities repaid.

“As material investors in the business, management is fully aligned with shareholders and continues to proactively manage the portfolio to ensure it is fit for purpose with high occupier contentment,” said Andrew Jones, CEO at LondonMetric (pictured above).

“Despite an uncertain macroeconomic backdrop and elevated swap rates, we have successfully sold £212m YTD, continuing the sell-down of non core assets inherited through M&A.

“Our increased scale is presenting numerous opportunities, and the sale proceeds have been reinvested into higher quality and growth logistics, convenience and hotel investments — it's a case of selling your losers and running your winners."