Greencoat UK Wind’s NAV fell 7.9% to 151.2p per share in the year to 31 December 2024, due to poor power price forecasts and wind yields. Reflecting negative investor sentiment to the renewable energy sector and wider issues in the investment trust sector, the company’s share price fell further by 15.7% over the year, resulting […]
In QuotedData’s morning briefing 27 February 2025: CQS New City High Yield (NCYF) posted a NAV total return of 3.6% for the six months ended 31 December 2024. The share price total return was 2.9%, with the premium to NAV narrowing slightly to 4.9%. The company’s dividend yield was 8.8% at the end of 2024, […]
Shopping centre owner Hammerson’s impressive turnaround continues, with 2024 annual results showing a record year of leasing, rental growth and valuation gains. The company signed 262 leases covering 1m sq ft of space, generating annual headline rent of £41m at 56% above previous passing rent and 13% ahead of estimated rental value (ERV). This has seen occupancy among […]
Unite Group reported strong returns over 2024 boosted by growing university applications (including overseas student demand) and dwindling supply of quality accommodation. The company posted 8.2% rental growth for the 2024/25 academic year and 97.5% occupancy (2023/24: 7.4% and 99.8%), with adjusted earnings per share up 5.2% to 46.6p. EPRA net tangible assets (NTA) was […]
Supermarket Income REIT has acquired nine Carrefour supermarkets in France for €36.7m and sold a Tesco store for £63.5m. Carrefour acquisitions The company has completed the acquisition of a portfolio of a further nine omnichannel Carrefour supermarkets in France. The stores were acquired through a direct sale and leaseback transaction with Carrefour, for a total […]
Saba Capital Management has withdrawn its requisition notice of Middlefield Canadian Income after discussions with the board. Since the receipt of the requisition, the board said that it had consulted with a number of the company’s largest shareholders, including Saba, and following “constructive discussions”, Saba has agreed to withdraw the requisition for a period of […]
Rights and Issues Investment Trust’s full year results revealed a NAV total return of 8.8% in 2024 compared to 5.5% for its benchmark, the FTSE All-Share Index. The share price increased by 11.7% over the year, and at the end of the year the discount to NAV had narrowed to 6.4%, a reduction from 8.9% […]
In QuotedData’s morning briefing 21 February 2025: HydrogenOne Capital Growth (HGEN) has announced the start of commercial operations at a new P2X Solutions green hydrogen plant in Finland, using portfolio company Sunfire AG electrolysers. The Sunfire electrolyser is Finland’s first industrial plant for the commercial production of green hydrogen. The Harjavalta plant’s production capacity is 20 […]
A new activist investment company is looking to launch with its sights set on “poor performing” alternative investment companies. A prospectus has been published for Achilles Investment Company, which will start trading on Monday after raising £54m. It will be managed by Harwood Capital Management and led by its chief executive Chris Mills, with Robert […]
Home REIT has revealed that it has received a number of non-binding offers for the full portfolio from “credible parties” that have been selected to proceed to the next stage of the process. Having sold (or exchanged on the sale of) 1,622 properties since August 2023 for a total of £239.8m, the company is left […]
