N+1 Singer: SDCL Energy Efficiency Income Trust (SEIT) – Interim results for the 6 months ending 30 Sept 2020

General/ 08 December 2020
  • Returns: NAV of 102p. EPS of 4.6p per share and a NAV TR of 4.8% for the period.
  • Dividend: A quarterly dividend of 1.375p was paid during the period and a further 1.375p declared for the quarter ending 30 September. The trust is on target to deliver 5.5p for the year end 31 March 2020
  • Gearing: The company was unlevered at the period end, following the £110m June equity capital raise
  • Discount rate: There were no changes in discount rates during the period. The period end portfolio weighted average discount rate was 7.5% (range 4.5% to 8.5%)