Summit Properties on the rise as rents improve

AIM-listed REIT Summit Properties (LON:SMTP) has seen its share price lift by 3.45% to 1.20p (as of 10:30 BST) after gross profits for the six months to 30th June rose by 35%. Rental income was up by 28.6% and overall funds from operations climbed by 35%.

The revaluation of the firm’s portfolio provided a lift in value, but it was smaller than during the equivalent period of 2018.