Summit Germany says its EPRA net asset value rose by 24% to 87 cents over the course of 2014 and earnings per share almost tripled to 23.7 cents as rents rose and occupancy hit 90.4%. They paid dividends of 2.85 cents for 2014 and are announcing a quarterly dividend of 0.77 cents today. the plan […]
Phaunos Timber results for 2014 show the asset value falling from 78 cents to 57 cents and its share price falling from 49 cents to 37 cents. They aren’t paying a dividend. Part of the fall in the net asset value can be attributed to the dilutive issue of 30m shares at 40 cents during […]
Global Resources Investment Trust’s net asset value fell by 22.6% over the six months that ended 28 February 2015. The share price fell by 38.2% however and has fallen further since the end of the period. The manager notes than we are in the fourth year of a bear market in commodities, making it one […]
Acencia Debt Strategies says its net asset value, adjusted for dividends, increased by 4.9% over the course of 2014 and its share price grew by 8.0%. They are paying a dividend of 1.95p for the period. Notable investments include the Lehman estate (which is gradually working its way through liquidation) – they say the process is slow and litigious […]
Tritax Big Box REIT has announced that it is buying the B&Q Core Products Regional Distribution Centre at Worksop, Nottingham for £89.75m. The price is equivalent to a net initial yield of 5.13%. Constructed in 2005 for B&Q, the property is of a high specification and incorporates modern design features including cross docking, eaves height of […]
Redefine International has reported earnings per share up 5.2%, net asset value up 8.3% and a dividend up to 1.6p from 1.5p for the six month period ended 28 February 2015. Following the capital raising they have just completed the LTV ratio is 45.1% and they reckon they have cash of £72.5m available to invest. […]
Over the six months ended 28 February 2015, Schroder Oriental Income produced a total return on net assets of 7.3% and the share price produced a total return of 6.7%. This compares to a total return of 2.9% for the MSCI AC Pacific ex Japan Index. They paid a first interim dividend of 1.5p in […]
Great Portland has announced the sale of 95 Wigmore Street to UBS Global Asset Management for £222.4m. Great Portland owned the building in conjunction with Aberdeen Asset Management through a 50:50 joint venture. The sale price works out at a net equivalent yield of just 3.4% or £2,209 per square foot. The 98,800 sq. ft. […]
Dexion Absolute’s discount control mechanism works by triggering a 25% tender every time the discount trades, on average, wider than 5% over the three month periods starting on 1 January and 1 July each year. The average discount over the first three months of 2015 was 6.4% and so the tender will happen – the […]
Boussard & Gavaudan published their annual report on Friday 24th. This showed that, over the course of 2014, the NAVs for the Euro and Sterling shares increased by 6.85% and 5.29% respectively, whilst the market price improved by 11.73% and 16.71%. This was a good result both in NAV and share price terms as, by […]
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