Specialist housing trust Walls & Futures REIT Plc (LON:WAFR) increased the value of its investment portfolio by 9% in the year to March.
The Nex-listed group completed its first supported accommodation development at a property in Stroud in the Cotswolds housing six people with learning and physical disabilities.
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Walls doesn’t provide care, just the properties, which are then taken on by a local authority, housing association or charity.
Profits over the year were £45,400 with shareholders funds rising to £3.25mln from £2.98mln.
On a per share basis, net assets rose to 92p from 90p.