In QuotedData’s other news 21 August 2019
- Regional REIT has made a sizeable acquisition – six office assets for £25.9m, comprising offices located in Birmingham, Bristol, Cardiff, Chester, Glasgow and Manchester. The assets total circa 172,442sq. ft. and are expected to provide a net income of approximately £2.36m a year from 27 tenants; equating to a net initial yield of 8.87% and anticipated reversionary yield of 9.54%. The portfolio’s weighted average unexpired lease term is 4.9 years.
- BH Global’s US dollar shares were up 6.7% over the first half of 2019 and the sterling share class up 6.0% – the best start to the fund’s year since 2009 apparently.
- While its absolute returns were strong (NAV return of 17%), BlackRock World Mining was 3% behind its benchmark at the half-year mark and a widening discount left shareholders trailing the benchmark by 6.3%. The report attributes the underperformance to not holding Fortescue Metals and to the things that the trust holds that aren’t in its index – such as its royalty interests.
We also have a comment on yesterday’s Sherborne results.
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