Eppley Caribbean Property Fund Limited SCC Acquires Two Commercial Properties In Trinidad & Tobago

• Eppley Caribbean Property Fund Limited SCC-Value Fund (“ECPF”) wishes to announce that it has acquired two buildings located at 155-157 Tragarete Road, Port of Spain, and 52 Valsayn Branch Road, Curepe in Trinidad and Tobago
• The Fund Manager indicated that the acquisition of these two fully-tenanted office properties in Trinidad is directly in line with the Fund’s strategy to scale and diversify by geography and asset type.
• ECPF has now acquired 10 properties totaling in excess of 500,000 square feet since Eppley assumed management three years ago, and it continues to pursue opportunities throughout the region to add to its growing portfolio of industrial, retail, and commercial office assets. With the above-mentioned acquisitions, ECPF now owns 16 buildings in Jamaica, Barbados, and Trinidad and Tobago comprising over 775,000 square feet.
• The acquisitions not only increase ECPF’s regional footprint but also enhance the Fund’s resilience through added diversification. They will also serve to increase ECPF’s net rental income, given that they are fully tenanted, fair value gains through property value appreciation, and improve the net asset value per share.
• ECPF’s stock price has declined by 17.7% since the start of the year and currently trades at $40.26 per share. This is 19.5% below the last reported net asset value per share (NAVPS) of J$50.00 (BDS$0.70) at the end of December 2020.

(Source: JSE & NCBCM Research)