Downing Renewables & Infrastructure Trust plc (DORE) has announced its Half-Year Report and Accounts for the financial period ending 30 June 2024.

Some key highlights include:

• The NAV per share increased from 117.7p to 117.9p as a result of positive portfolio performance and active asset management.  
• The total NAV return was 9.6% on an annualised basis.
• Dividend for the half was 2.9p per share, a 7.8% increase on the respective period last year.

Other key documents and announcements can be accessed via www.doretrust.com/investor-relations.

Tom Williams, Partner, Head of Energy and Infrastructure at Downing, commented: "We have focused on increasing productivity through active asset management and portfolio enhancement. Optimisation initiatives across hydropower and wind have progressed well, which have further diversified and strengthened DORE's revenue streams. Acquisitions completed during and after the period-end further underpin the Company's commitment to pursuing this highly diversified strategy. The outlook for DORE remains very encouraging as we progress a significant pipeline of investment opportunities and portfolio enhancements that we expect will deliver inflation-linked returns and robust operational cash flows."

More information can be found on our RNS announcement, Interim report, and Factsheet.  

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