F&C Commercial Property Trust's 2013 profits jumped, boosted by improved investor appetite for UK commercial property.
Pre-tax profit rose to £92.2m in the year ended December 31st from £30.3m a year earlier.
Net asset value (NAV) total return for the year was 13%, compared to a total return of 10.9% from the benchmark Investment Property Databank (IPD) Quarterly Universe.
The share price total return during the year was 22.7% and the share price at the year-end was 120.5p, representing a premium of 14.4% to the NAV per share of 105.3p.
"The strengthening of investor appetite for UK commercial property as reported at the interim stage continued for the full year," said Chairman Chris Russell.
"Improving economic data, a lessening of fears of a breakup of the Eurozone and a continuing environment of low interest rates all helped contribute to an increase in demand for the asset class."
The dividend cover was lowered to 56% from 72.5% a year ago, as the group invested in office blocks in Aberdeen.
Russell said the income stream from this property, the student accommodation at Winchester and a number of successful lease events undertaken in recent months will be of "significant benefit to the level of dividend cover in future years".
Revenue fell to £52.5m in 2013 from £57.2m the previous year but the company expects the uplift in the property market to deliver greater returns in 2014.
However, the group warned that uncertainties in the market remain as investors are concerned about potential adverse developments in the US, the Eurozone and emerging markets along with the timing of changes to UK interest rates.
Carr's Milling Industries delivered solid progress in the first half of its financial year and said it is trading in line with expectations for the full-year.
Pre-tax profit rose 2.0% to £10.1m in the six months ended March 1st 2014 while revenue slipped to £214.7m from £231.6m in 2013. Adjusted earnings per share (EPS) rose 0.6% to 78.1p.
Across its three main divisions, Agriculture performed well in the first six months of its year.
"In the US the severe weather, in particular in the Mid-Atlantic States, has resulted in record sale levels of feed blocks. The drought in the Southern States of the previous year has, to a large extent, been alleviated enabling farmers to start the long process of restocking, which is important for future sales in the US," Carr's explained.
In the UK however the mild winter has had an adverse impact on the sale of fuel and heating oil, feed and feed blocks, compared to last year's very high volumes.
In Food, its Kirkcaldy, Scotland based flour mill was commissioned on time and there was a significant improvement in the quality of the UK wheat harvest in 2013.
Elsewhere in Engineering, the first half saw high levels of investment in research, technology and facilities resulting in contracts being won for delivery through to the end of 2015.
Based on first half trading and trading at the start of the second half, Carr's said it is confidence in meeting expectations for the full year.
The group has recommended its first interim dividend of 8.5p, up from 7.75p the same time a year earlier.
Net debt increased to £25.3m from £22.1m as at August 31st 2013.