
18 Feb 2025
Downing Renewables and Infrastructure Trust – Driving down the discount
Towards the end of 2024, Downing Renewables and Infrastructure Trust (DORE) announced the sale of its Swedish wind farm. The price achieved was a premium to the carrying value of the asset in the NAV as at 30 September 2024. This highlights the success that DORE’s management team has had in creating value for shareholders. The wind farm was acquired for £19.8m in January 2022 and has generated sale proceeds and dividends for DORE of £29.8m, that is a 54% total return in less than three years.
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Downing Renewables and Infrastructure Trust – Driving down the discount
Downing Renewables & Infrastructure Trust Plc (DORE:LON) | 84.2 0.3 0.5% | Mkt Cap: 143.2m
- Published:
18 Feb 2025 -
Author:
James Carthew -
Pages:
13 -
Towards the end of 2024, Downing Renewables and Infrastructure Trust (DORE) announced the sale of its Swedish wind farm. The price achieved was a premium to the carrying value of the asset in the NAV as at 30 September 2024. This highlights the success that DORE’s management team has had in creating value for shareholders. The wind farm was acquired for £19.8m in January 2022 and has generated sale proceeds and dividends for DORE of £29.8m, that is a 54% total return in less than three years.
....