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QuotedData’s other news 10 September 2019

In QuotedData’s other news 10 September 2019 –

Some half-year results announcements, including:

  • GCP Asset Backed Income reported interim results to 30 June 2019; loans of £55.4m were advanced over the period, secured against 20 projects.The company ended the period with exposure to a diversified and partially inflation and/or interest rate protected portfolio of 40 asset backed loans with a third party valuation of £421.2m. Total shareholder return for the period was 5.4%.
  • Regional REIT reported a 17% increase in operating profit before changes on property assets to £20.6m (H1 2018: £17.6m). The company’s company’s commercial property investments are focused on offices and industrials units across the UK’s regional centres outside of the M25 motorway. Stephen Inglis, CEO of London & Scottish Property Investment Management, manager of Regional REIT, said the following: “It has been a very active and successful period for the group as we continue to strengthen our corporate foundations and portfolio composition to take advantage of the considerable and growing opportunities that we are seeing in our markets.”
  • Away from UK-focused strategies, Schroder Asian Total Return released interim results as well. Over the six months to 30 June 2019, the company produced a total return of 14.9%, outperforming both the return of the reference index of 12.3% and of the peer goup average of 12.4%. The company said that key to the  Key to the reversal in sentiment was the shift in policy stance from the US Federal Reserve and Chinese authorities. Both moved towards a more accommodative monetary position as the global economic outlook darkened.

We also have stories on a new £60m loan facility (potentially rising by £40m) for Civitas Social HousingHipgnosis considering a £300m C share issuance as it nears a London main market application, Merian Chrysalis planning £100m+ capital raise and an acquisitions update from Triple Point Social Housing.

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