UK-listed property shares suffered another difficult month in September as stubborn inflation, elevated interest rates and renewed pressure on bond yields continued to weigh on the sector. The average share price fell 3% in September, excluding Abrdn European Logistics Income (ASLI), whose 36.4% decline reflected capital being returned to shareholders as part of its managed […]
A bruising few years for UK commercial property has meant that the majority of our commentary on the sector has focused on the latest REIT to be taken over or decide to throw in the towel. Frustratingly, just when it looked like conditions might be turning, the macroeconomic backdrop deteriorated again. The bull case for […]
Pacific Horizon Investment Trust (PHI) delivered a 65.1% total investment return in the year to 31 July 2026, almost 30 percentage points ahead of its benchmark, as its exposure to Asian semiconductor and artificial intelligence companies paid off. The performance represented a dramatic turnaround from the previous financial year, when PHI’s underlying net asset value […]
Foresight Solar Fund (FSFL) has stepped up its efforts to address its persistent discount to net asset value (NAV), with the board saying change needs to be accelerated and that it is considering all strategic options to maximise shareholder value. The comments accompanied half-year results showing NAV per share fell 4.3% from 99.2p at the […]
Target Healthcare REIT (THRL) has delivered its best annual financial performance since launching in 2013, helped by inflation-linked rental growth, rising property values and profitable asset sales. The specialist care home investor generated a total accounting return of 12.0% in the year to 30 June 2026, up from 9.3% last year. EPRA net tangible assets […]
Octopus Renewables Infrastructure Trust (ORIT) reported a NAV total return of -5.0% for the first half of 2026 after a review of expected generation from its onshore wind assets knocked £30.4m off valuations. NAV per share fell from 93.8p to 86.2p, also reflecting lower long-term power price forecasts and higher discount rates. However, underlying cash […]
Saba Capital has responded to Gore Street Energy Storage Fund (GSF) after its board blamed uncertainty created by the activist investor’s proposals for disrupting the sale of its German battery storage asset. Yesterday, GSF revealed that the preferred bidder for its 22MW Cremzow asset had sought to reduce its offer when negotiations were at an […]
Supermarket Income REIT (SUPR) has completed the deployment of the proceeds from its £100m July equity raise after acquiring six grocery properties for £104m. The acquisitions, combined with the £118m purchase of three supermarkets announced in July, take SUPR’s recent investment to £222m. The nine properties have been acquired at an average net initial yield […]
BlackRock Income and Growth (BRIG) has launched a strategic review and invited proposals for the future of the company, as its board looks to address the trust’s small size, limited liquidity and operating costs. The board said that, following consultation with manager BlackRock, it is seeking a “more sustainable and competitive future strategy” that will […]
Lindsell Train Investment Trust (LTI) has launched a tender offer for up to 20% of its shares at a 5% discount to NAV, as its board seeks to address the trust’s persistent share price discount to NAV following a prolonged period of underperformance. The tender will allow eligible shareholders to sell up to 20% of […]
