The interested buyer of its property portfolio has been identified as RI UK 1 Limited. This company is a wholly-owned indirect subsidiary of the American entity, Realty Income Corporation.

Earlier in March, as part of a strategic review of the trust’s future, Ediston’s board revealed that they had initiated negotiations concerning the sale of their retail park portfolio. As of 31 March, this portfolio was valued at a substantial £204.3m.

Now, from the data provided by the Association of Investment Companies, the trust’s current market cap stands at £147.5m, overseeing assets amounting to £280.7m under its management. It currently operates at a -13.4% discount.

The board has recently emphasised that there remains no absolute assurance regarding the completion of this portfolio sale. Specific terms, including the sale price, have not been finalised as of yet.

Amidst these developments, the review process spearheaded by the board is still ongoing, and it will continue “until further notice”.