BlackRock Latin American says it made a 25.2% return on net assets for the year ended 31 December 2016 – in US dollars. The weakness of sterling meant that, despite a widening of the discount, shareholders made a 45.9% return. The dividend for the year was 15 cents, a fall of 28.6% on the previous […]
DW Catalyst has announced that shareholders holding 9,349,317 shares (57.6% of shares in issue) have voted in favour of discount trigger resolution. The effect of this is that all of the shares that were voted in favour will be redeemed by the company on 1 August 2017. Redeeming Shareholders will receive the proceeds in four quarterly […]
SEGRO is proposing to raise approximately GBP556 million (net proceeds) by way of a Rights Issue, the issue is fully underwritten. 1 for 5 rights issue of 166,033,133 ordinary shares of 10 pence each in the capital of the Company at a price of 345 pence per New Ordinary Share. The issue price of 345 pence per New […]
LXi REIT has exchanged contracts to acquire the Q-Park car park at Rockingham Street, Sheffield. The purchase price is GBP19.1 million (excluding purchaser’s costs), reflecting a blended net initial yield of 5.20% on the asset acquisition. The car park, which comprises 96% of the Property, is let to Q-Park Limited with a lease guarantee from […]
Witan made a 22.9% return on net assets over the year ended 31 December 29016, more or less matching the 123.0% return posted by its benchmark. The underlying managers struggled with just three of their ten third party managers, together with the direct holdings portfolio, outperforming their benchmarks. There were significant positive contributions from the […]
Secure Income REIT has published its results for the year ended 31 December 2016. EPRA NAV per share was up 14.4% to 323.6p and adjusted EPRA EPS was up over 330% to 11.3p for the year (from 2.6p). Quarterly distributions commenced in August 2016 and the company is currently yielding an annualised 4.1% on 31 December 2016 EPRA NAV. […]
Capital & Regional has announced results for the year ended 30 December 2016. EPRA NAV fell to 68p from 71p while adjusted earnings per share rose by 11.7% to 3.8p (based on earnings of £26.8m, also up 11.7%), allowing them to fully fund a dividend of 3.39p, up 8.7% on the previous year. The chairman says […]
Target Healthcare REIT has completed the acquisition of two purpose built care homes in the village of Three Legged Cross near Wimborne, Dorset for an undisclosed price. The two homes are adjacent to each other and comprise a total of 70 bedrooms. Acorn Lodge was built in 2012 and has a total of 26 bedrooms with […]
European Assets delivered a 7.4% return on NAV for the year ended 31 December 2016 compared to a 23.3% return on the Euromoney Smaller European Companies Index. The Board has already announced a total dividend for 2017 of Euro 0.7884 per share (2016: Euro 0.912 per share, net of Dutch withholding tax) will be paid. This […]
GCP Student Living plc has exchanged contracts to secure the acquisition of Woburn Place, a private student accommodation asset located at a prime central London position in Bloomsbury, WC1. Woburn Place, which is currently owned and operated by Unite Students, is within short walking distance of University College London (c.38,000 students from 150 countries), SOAS […]
