In QuotedData’s morning briefing 28 May 2020:
- Aberdeen Standard European Logistics Income (ASLI) posted a NAV total return of 8.6% in 2019 it reported today in full year results. IFRS earnings per share for the year was 9.6 euro cents, covering a dividend of 5.75 euro cents. Earlier this week ASLI made a NAV announcement for the quarter to the end of March 2020, in which its NAV jumped 6.1%. You can be read here.
- Schroder European Real Estate says it has received 83% of rents due to it for April and May. Its sole shopping centre, the Metromar in Seville, partially reopened on 25 may 2020. It continues the refurbishment of its largest investment in Paris and will update on this as it progresses. On the dividend – “the board will continue to consider carefully future dividend payments, which are under review in light of the short term cash position, in conjunction with longer term sustainable income generated from the portfolio. This will be monitored and a decision will be taken as clarity improves around the economic backdrop.”
- JLEN Environmental as announced a 4.3p decrease in its NAV for the end of March 2020 – to 97.5p. This reflects falling power price forecasts as a result of COVID-19 and the government’s decision not to cut Corporation Tax as previously promised. The dividend is being paid as planned – 1.665p in June. The board has decided that “the board has decided that it is prudent now to change the dividend policy for future periods to break the explicit link with inflation. For periods after 31 March 2021, the company intends to follow a progressive dividend policy.” We expect more colour on this when the company announces its results on 11 June.
- Primary Health Properties has contracted to provide development funding for the construction and acquisition of a purpose-built primary care centre in Arklow, Co. Wicklow, Ireland for an anticipated total cost of €18.0 million. The building will be let on a 30-year lease to the Health Service Executive and a local GP practice.
We also have results from Honeycomb and an acquisition by US Solar Fund.