Big Yellow’s interims for the six months ended 30 September 2015 show its EPRA net assets per share rising from 481.1p to 505.9p. EPRA earnings per share (adjusted and diluted) rose by 16% to 15.1p. The interim dividend is being hiked by the same amount from 10.4p to 12.1p. Earnings were boosted by higher occupancy – up from 73.5% […]
British Land’s first half results, covering the six months ended 30 September 2015, show the company’s EPRA NAV climbing by 7.5% and its diluted underlying earnings per share rising by 4.6% to 16p . The first half dividend was increased by 2.5% to 14.18p. The valuation of the portfolio increased by 4.7%. That broke down into […]
McKay Securities’s EPRA NAV rose by 4.1% over the six months to the end of September 2015 as it reported a 7.1% increase in the value of its property portfolio. The interim dividend was maintained at 2.7p. McKay Securities underlying profit before tax rose by 33.8% over the period as rental income increased by 20.8% […]
The economic slowdown in China is impacting other countries in Asia and the developed world, and hopes of growth in consumer spending and the services sector coming to the rescue are fading. Rebalancing the economy away from infrastructure investment and traditional industrial drivers, while cushioning the services sector and allowing new industries to develop, is […]
Juridica has announced that one of its cases, Case 5009-S, which involved a theft of trade secret dispute brought by a smaller plaintiff against a much larger company, has completed a trial by jury. In spite of a full win on liability the jury only awarded an amount which will result in a return to […]
LXB Retail Properties has published an update on further pre-lets at a number of the Group’s investment properties and on planning consent for the Group’s first Living Villages project. Living Villages – Higher Newham, Truro The Strategic Planning Committee at Cornwall Council recently resolved to grant planning permission for the Group’s Higher Newham Farm proposals […]
The Bidco Board and the Japanese Residential Investment Company Board are pleased to announce that they have reached agreement on the terms of a recommended cash offer by Bidco for the entire issued, and to be issued, share capital of JRIC. Bidco is a newly-incorporated entity indirectly wholly-owned and controlled by the Blackstone Funds. Blackstone […]
Following on from its announcement at the end of September, Standard Life Property Investments has published details of its £100m fund raising and acquisition of a Jersey Property Unit Trust (JPUT). Standard Life Property Investments has entered into the conditional Acquisition Agreement in relation to the acquisition of a new portfolio of 22 UK commercial real […]
Kuala Innovations has published interim figures covering the six months to the end of September 2015. Over the six months the NAV rose from 1.69p to 2.57p. the company made a loss for the period of 0.46p. The uplift largely reflects share issues the company made at 5p per share during the period. Since then the company has […]
Standard Life Equity Income has announced results for the year ended 30 September 2015. Over that period, the fund’s total return on net assets was an impressive 14.1% as compared to a -2.3% return on the FTSE All-Share Index. The Chairman believes that good stock selection and being prepared to hold a portfolio which is […]
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