In QuotedData’s morning briefing 5 May 2022:
- HydrogenOne Capital Growth (HGEN) says that Roger Bell is stepping down with immediate effect from its board. He will not be seeking election at the company’s first AGM on 24 May 2022. Roger was the representative of INEOS UK E&P Holdings Limited (INEOS Energy) on the board. Changes in his role and responsibilities at the INEOS Oil and Gas group of companies led to his resignation. INEOS Energy has nominated a replacement and the company is working to complete the necessary nomination and screening processes.
- AEW UK REIT (AEWU) has announced that Alex Short has stepped down from her role as joint portfolio manager following her resignation from the company’s investment manager AEW UK Investment Management LLP. Laura Elkin will continue as portfolio manager of the company. Henry Butt will continue as assistant portfolio manager and director of asset management and Nick Winsley, head of AEW UK.
- Alternative Income REIT (AIRE) has announced a 3.2% uplift in NAV for the quarter to 31 March 2022 to 93.30 pence per share. This was mainly driven by a 7.1% increase in portfolio valuation to £115.4m. When combined with the 1.3p dividend paid for the quarter, this produces an unaudited NAV total return for the quarter of 4.8%.
- Target Healthcare REIT (THRL) has posted a 0.9% rise in EPRA Net Tangible Assets per share to 111.8 pence (31 December 2021: 110.8 pence), primarily reflecting valuation uplifts across the portfolio driven by inflation-linked annual rental uplifts and modest yield compression. This equates to a NAV total return of 2.5% for the quarter (based on EPRA NTA and including dividend).
We also have news of an acquisition and a possible fundraise by Downing Renewables, and new investments by Home REIT and Derwent London