Fidelity Asian Values’s discount narrows to the benefit of shareholders – Fidelity Asian Values PLC (FAS) as delivered its financial annual report for the year ended 31 July 2018. Performance – headlines The company’s undiluted NAV rose by 2.2% on a total return basis. By way of comparison, its comparative index, the MSCI AC Asia Ex Japan PR USD rose by 5.7% . […]
Tritax Big Box REIT exchanges contracts on Merseyside acquisition – Tritax Big Box REIT (BBOX) has announced that the company has exchanged contracts, conditional on full planning consent, for the forward funded development of a new logistics “sortation centre” (see below) at Haydock, St Helens, Merseyside. The property is pre-let to a company BBOX describe as “a financially […]
F&C UK Real Estate Investments’ share price doesn’t reflect NAV performance – The total return of the NAV per share of F&C UK Real Estate Investments (FCRE) was 13.6% for the 12 month period ending 30 June 2018. The UK commercial property market delivered a total return of 9.4% as measured by the Investment Property Databank (‘IPD’) UK Quarterly Index. […]
JPMorgan Mid Cap performs well in choppy waters – JPMorgan Mid Cap Invest Trust (JMF ) has released its full report for the year ended 30th June 2018. Performance in choppy waters The company’s NAV rose by 16.4% on a total return basis, compared with the benchmark the FTSE 250 Index excluding Investment Trusts, which delivered a total return […]
Jupiter US Smaller Companies benefits from adjusted investment approach – Jupiter US Smaller Companies (JUS) has released its annual financial report for the year ended 30 June 2018. Performance The company’s NAV per share increased by 21.1%, whereas the benchmark, the sterling adjusted Russell 2000 Index returned 14.2%. This outperformance came from the smallest stocks in the portfolio (those under $1 billion in market cap) […]
Bluefield Solar reports on a positive year of operational performance – Bluefield Solar Income Fund (BSIF) has published its annual report and financial statements for the year to 30 June 2018. Performance The company delivered an NAV total return for the year to June 2018 of 9.25%. The share price total return was 11.68%. In the five years since IPO, total returns […]
RDI REIT acquires an industrial estate for £26.3m – RDI REIT (RDI) has announced that it has completed the acquisition of Southwood Business Park, an industrial estate in Farnborough, Hampshire. The total amount paid is £26.3 million, which reflects a net initial yield of 6.2%. In line with strategy The investment is in line with RDI’s stated strategy to […]
Tritax EuroBox acquires a distribution centre in Barcelona – Tritax EuroBox (EBOX/EBOX) has announced that it has acquired a global distribution centre at Lliçà d’Amunt, Barcelona. It is currently let to Punto Fa S.L., trading as MANGO, the fashion retailer. The total consideration is €150 million (excluding purchaser’s costs), reflecting a net initial yield of 5.0% on the corporate […]
Africa-focused property company Grit reports on its first year since listing – Grit Real Estate Income Group (GR1T) has delivered its first full report for the twelve month period to 30 June 2018. Performance The NAV per share of the company increased by 5.2% year-on-year . Its EPRA NAV return increased by 6.0% . This increase in NAV is attributable to strong portfolio growth, with […]
City of London increased its dividend for 52nd consecutive year – City of London Investment Trust (CTY) has published its annual report for the year ended 30 June 2018. The NAV delivered a total return of 6.3% over the twelve month period. The dividend was increased for the 52nd consecutive year, by 6.0%, which is ahead of inflation. In comparison, the FTSE […]
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