With a solid first set of results published, revenue and dividends running ahead of IPO forecasts, a diverse and differentiated portfolio of attractive renewable energy assets, and a growing NAV supported by investments that are helping to build NAV and profits, Downing Renewables and Infrastructure (DORE) is attracting the support of new investors.
On 11 May 2022, the trust announced an NAV as at end March 2022 of 110.1p – up from 103.5p per share as at 31 December 2021; we discuss what drove this uplift on page 15 of this note. The share price is yet to fully reflect the good news, however; currently DORE’s shares are trading at asset value, compared to a median premium of over 7% for its peer group (see page 16).
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