Standard Life Investments Property Income Trust posted a 4.4% return on net assets for 2016 (4.4% on an IFRS basis, on an EPRA basis the return was 4.9% – based on IFRS NAV of 81p, down from 82.2p, and EPRA NAV of 82p, down from 82.7p). The share price total return over the year was […]
Regional REIT’s results for 2016 (its first full year as a REIT) are out. Its EPRA NAV slipped slightly to 106.9p from 107.8p. Fully diluted EPRA earnings per share were 7.7p (IFRS EPS 4.9p) derived from an operating profit before gains and losses of GBP29.9m and Profit Before Tax of GBP13.4m, with rental income of GBP43.0m and an […]
Epiris has announced that it has sold Electra Private Equity’s remaining stake in Allflex Corporation to an existing shareholder. Electra has received proceeds of GBP70.3 million from the sale, an uplift of GBP1.5 million or 2% on the valuation of its investment in Allflex at 30 September 2016, equivalent to an increase in NAV per share […]
Prospect Japan’s chairman says that, for the year ended 31 December, 2016, the company had a disappointing year with a decline in published NAV of 9.49% compared with MSCI Japan Small Cap Index’s increase of 8.22%. Furthermore, the share price has fallen from $1.05 to $0.89 with an increased discount to published NAV of 27% (2015: […]
Primary Health Properties has contracted to fund and acquire a purpose built primary care centre in the Republic of Ireland. Primary Health Properties ICAV, an Irish investment vehicle wholly owned by PHP, has contracted to provide development funding for the construction of a new primary care centre in Carrigaline, for a total cost of EUR7.3 million […]
LondonMetric Property has announced a placing of up to 62,804,390 new shares (approximately 9.9% of its issued share capital). They intend to use the net proceeds of the placing to fund the acquisition of predominantly “last mile” distribution assets and to finance newly committed distribution developments. The cash will be used to fund committed and potential investments and new […]
Marwyn Value Investors is launching a new management platform, Wilmcote Holdings plc, established in partnership with Adrian Whitfield, who has been appointed as its chief executive. Adrian is an experienced executive who recently spent nine years successfully implementing a turnaround and growth strategy at Synthomer plc, the UK listed specialty polymer operator. Over Adrian’s nine year tenure, he […]
JZ Capital Partners Limited has announced its intention to increase its c.$100 million credit facility with Guggenheim Partners by $50 million. The purpose of this increase in borrowings is to provide additional liquidity to JZCP in order to bridge certain planned realisations. The entire $150 million facility may be repaid, in whole or in part, with […]
Fidelity Japanese Values delivered an NAV total return of 20.5% for the year ended 31 December 2016, marginally underperforming its benchmark but beating the rest of its peer group. The share price also went up, but only by 17.0% per share to 101.50 pence, as the discount to NAV widened to 17.1%. Over the year, key […]
BlackRock Emerging Europe says that, following discussions with the Manager, agreement has been reached on a revised management fee. The management fee will be reduced with effect from 1 April 2017 from 1.00% per annum of the Company’s average daily market capitalisation to 0.80% per annum of the company’s net asset value. BEEP : BlackRock […]
