Urban Logistics REIT (SHED) has taken a step closer to full dividend cover, as adjusted earnings jumped 3.2% in the six months to 30 September 2024 (click here to read our analysis of the results). Adjusted earnings per share for the period were 3.57p (7.14p on an annualised basis), bringing coverage of its 7.6p annual […]
Regional REIT has entered into a joint venture with leading pan-European solar panel developer, Sunbird Solar International, to install solar panels on a number of properties within the company’s portfolio. Phase one of the installation programme will encompass 19 properties with an aggregate portfolio generation capacity of 4,173 kW and is expected to be completed […]
The boards of Asia Dragon Trust and Invesco Asia have agreed heads of terms on a proposed combination of the two companies. The Asia Dragon board said it received interest from a large number of management groups during its strategic review but said that it believed Invesco Asia’s active core Asia (ex-Japan) investment strategy, alongside its […]
In QuotedData’s morning briefing 28 October 2024: VietNam Holding (VNH) announced that the final number of shares validly tendered for redemption for 2024 is 3,411,748 shares. This reduced number represents approximately 12.57% of shares in issue as at 31 August 2024. All shareholders who validly applied to have their shares redeemed will receive the redemption price […]
Next week’s budget will be vital viewing for investors, with changes to capital gains tax and inheritance tax mooted. Among the column inches in the lead up to the new chancellor’s first budget, have been some encouraging announcements on reforming the UK’s ailing health service. It appears that, at last, sensible ideas are being put […]
PRS REIT has announced that it is undertaking a strategic review to consider the future of the company following shareholder pressure. The review will explore all the various strategic options available to the company, which may include a potential sale. This follows the requisition notice made by a number of shareholders to replace the chairman, […]
Empiric Student Property has raised £56.1m in a placing and retail offer as it looks to take advantage of favourable market conditions for the student accommodation sector. A total of 59,686,950 new ordinary shares representing 9.9% of the company’s existing share capital have been placed at a price of 93p, raising proceeds of £55.5m. In […]
Tritax EuroBox has received a cash offer for the company from Canadian private equity giant Brookfield that usurps SEGRO’s bid for the company. Brookfield’s bid is 69.0p per share (equivalent to 82.4 cents at the current exchange rate) and values Tritax EuroBox at around £557m (which based on Tritax EuroBox’s net debt implies an enterprise […]
PRS REIT has reported an 11% uplift in net asset value (NAV) in annual results to 30 June 2024, as the rental income on its private rented housing portfolio increased 12% on a like for like basis. The company’s NAV was 133.2p per share (2023: 120.1p) as the group’s portfolio of completed homes grew to […]
British Land raised £301m in a placing, retail offer and subscription and will use the proceeds to part fund the acquisition of a portfolio of retail parks for £441m. In aggregate 71,227,309 new ordinary shares were placed at a price of 422 pence, which represents a discount of 3.6% to the closing price on 2 […]
