In QuotedData’s morning briefing 19 January 2023:
- NB Private Equity (NBPE) reports an NAV at the end of December of $27.94 (£23.23), down 8.9% over 2022. Seven full or partial sales (totalling $143m) announced in 2022 include: the remaining assets of Telxius, the announced full sales of Leaseplan and Omega Environmental Technologies, the final sale of public shares of Fiserv, the partial realisation of MHS Global, the sale of Stratus Technologies and the partial sale of an additional transaction which was signed in June and closed in August 2022. $26m was invested in True Potential, a wealth management technology platform and $15m re-invested in an undisclosed investment, leaving the fund with $7m of cash and $300m of undrawn credit facility. A further $27m of proceeds from previously announced realisations are expected in the coming months.
- AEW UK REIT (AEWU) has reported a 13.9% drop in NAV in the quarter to 31 December 2022 to 104.93 pence per share. This followed a 10.8% fall in the like-for-like valuation of its portfolio. EPRA earnings per share for the quarter was 1.34 pence (30 September 2022 quarter: 1.08 pence). An interim dividend of 2.00 pence per share for the quarter has been declared. The group’s loan to NAV ratio at the quarter end was 36.09% (30 September 2022: 31.07%), with the cost of its debt fixed at 2.959% until May 2027. During the quarter the company acquired a retail asset in Bromley for £5.3m, representing a net initial yield of 8.7%, and Northgate House, Bath, for £13.0m, representing a net initial yield of 8.5%. It has a further £6.5m available for deployment on new purchases.
We also have results from Bankers, a quarterly update from 3i Infrastructure, and updates from Foresight Sustainable Forestry, Trian Investors 1 and Home REIT