Impact Healthcare targeting 9% returns – Impact Healthcare REIT has published results for the year ended 31 December 2018. The company is reporting modest increases in its NAV and share price (up 2.5% and 1.1% respectively), a 6p dividend (in-line with its target) and enough earnings to cover the dividend 1.08x. The NAV total return was […]
RM Secured says on track to cover dividend – RM Secured Direct Lending’s results for the year ended 31 December 2018 show that the NAV fell from 98.2p to 96.96p over the year (the share price was unchanged). Factoring in the 6.5p dividend, the total return on NAV was 5.5%, much better than last year’s 2.8%. […]
JPMorgan American lags benchmark in 2018 (underscoring why the board asked for changes to the management line-up) – for 2018 it reported a NAV return of 0.6% against a 1.3% return on the S&P 500 Index. The return to shareholders was -0.2%. A total dividend of 6.5p per share compares with last year’s total of 5.5p […]
Biogen Alzheimer’s failure drags down Biotech Growth – Biogen, a key holding in Biotech Growth Trust and a component of most other biotech and healthcare portfolios, has lost a third of its value after trials of an Alzheimer’s drug failed to show any benefit. Biogen and its partner, Japanese drugmaker Eisai, said they would stop […]
Civitas Social Housing adds 331 tenants with £85.6m deal – Civitas Social Housing has announced that has completed the purchase of 19 regulated social housing properties at a cost of £73.5m and has exchanged contracts on two further properties at a cost of £12.1m (completion on these two properties is expected after “certain works” have been […]
EP Global held back by US and banks exposure – EP Global reports that, for the year ended 31 December 2018, its NAV fell by 8.6%, adjusting that return for the 6.5p dividend declared for the year (a 5.5p normal dividend and a 1p special dividend) gives a total return on NAV of -7.1%. The discount […]
3i Infrastructure buys Joulz Diensten – 3i Infrastructure has agreed to invest about EUR220m to acquire 100% of Joulz Diensten B.V., a leading owner and provider of essential energy infrastructure equipment and services in the Netherlands. Joulz is being acquired from Stedin Holding NV, a Dutch distribution grid operator. Joulz leases essential energy infrastructure equipment and […]
PRS REIT cuts long-term dividend forecast Steve Smith, chairman of the PRS REIT, said: “The PRS REIT made pleasing progress in the first half, and the growth in the number of completed rental homes is showing through in these financial results. We closed the half year with about 3,575 homes either built or under construction, […]
Syncona shifting funds into cash – Syncona is changing the way it invests the portion of its portfolio that is not committed to biotech investments. It says: “Over the last two years, Syncona has evolved the investment parameters of its strategic capital pool to focus on liquidity and capital preservation in order to support Syncona’s […]
F&C Investment Trust has reported an NAV total return of -3.3% for 2018, marginally better than its benchmark’s -3.4% return (it uses the All-World Index). Shareholders benefited from a narrowing discount, however and the trust delivered a share price total return of -0.6%. The annual dividend per share was up 5.8% to 11.0p, well above the 2.1% […]
