In QuotedData’s morning briefing 12 September 2023: Regional REIT (RGL) reported a 9.0% drop in EPRA net tangible assets (NTA) to 66.9p per share for the six months to 30 June 2023 (Dec 2022: 73.5p). The value of the group’s portfolio of 150 regional offices fell 3.8% on a like-for-like basis to £752.2m (Dec 2022: […]
The board of Ediston Property Investment Company (EPIC) has agreed a deal to sell the company’s entire portfolio of UK retail parks to US company Realty Income for £196.8m. The company expects to have net assets of £152.2m, equivalent to 72.0 pence per share. This is a 17.7% premium to the share price on 15 […]
QuotedData’s morning briefing 8 September 2023: AEW UK REIT (AEWU) has acquired a mixed-use asset in Bath city centre for £11.5m, reflecting a net initial yield of 8.0% and a capital value of £223 per sq ft. Following this acquisition, the company is close to full deployment, with remaining cash available to invest of £3m. The […]
The dedicated real estate stock exchange – IPSX (International Property Securities Exchange) – is winding down having struggled to find new investment. Launched in 2019, the exchange, which allows investors to invest in real estate investment trusts made up of a single asset or a group of assets with commonality, has just three companies listed. […]
The majority of Home REIT’s board will be replaced over the next 12 months, the company said in the first of its monthly updates since its stabilisation period commenced. The board – made up of Lynne Fennah, chairman, Simon Moore, Peter Cardwell and Marlene Wood – oversaw the tumultuous period of wrongdoing at the REIT’s […]
Real estate is certain to remain unloved until interest rates have peaked or start to move downwards. The latest inflation data indicates that that point may not be that far off, so now may be the opportune time to pick up a well-run property company on the cheap. The vast majority of the sector is […]
Empiric Student Property is exploring bringing on board a joint venture partner to grow its portfolio of student accommodation. The company, which reported strong half-year results yesterday, said in an analyst briefing that it had engaged PwC to look at options to expand its portfolio. Chief executive Duncan Garrood said that traditional methods of growing […]
In QuotedData’s morning briefing on 18 August 2023: Impact Healthcare REIT (IHR) has purchased a new £50m interest rate cap, which caps SONIA at 4.0% for two years expiring on 15 August 2025, at a cost of £1.76m. The group has now hedged or fixed the interest rates on 92% (£175m) of its current drawn […]
Tritax EuroBox has signed two new leases across its continental European logistics portfolio, adding €1.3m of rental income. The first is the 14,150 sqm letting of Unit 1 of the speculatively developed Settimo asset in Italy to a “leading Italian logistics specialist”. The letting comes just three weeks after practical completion of the 28,300 sqm […]
Ediston Property Investment Company (EPIC) is in advanced discussions with a third party buyer over the possible sale of the company’s property portfolio. As part of its strategic review into the future of the company, announced in March, the board today says that it has entered negotiations over the sale of the group’s retail park […]
