QuotedData’s morning briefing 3 August 2023: Tritax Big Box REIT (BBOX) posted a 1.5% uplift in EPRA net tangible assets (NTA) to 183.02p per share in the six months to 30 June 2023. Its portfolio valuation was stable at £5.05bn, while adjusted earnings were up 5.6% to 3.94p per share. This covered its dividend for […]
QuotedData’s morning briefing 2 August 2023 Alternative Income REIT (AIRE) has posted a 0.7% increase in NAV to 84.2p for the quarter to 30 June 2023, following a 0.3% rise in the value of its portfolio to £107.0m. EPRA earnings were up 8.2% to 1.7p per share, and the board declared a quarterly dividend of […]
Spanish retail landlord Lar España reported solid half year results for the six months to 30 June 2023, with revenue up 16.4% to €48.9m. Sales and footfall from its shopping centres and retail parks continue to grow, with sales reaching €505.1m (7.5% up on the same period in 2022 and 16.1% up on pre-COVID 2019 […]
Scandal-hit Home REIT is proposing changes to its investment policy as it looks to stabilise its business following the appointment of AEW as investment manager. The changes will be put to shareholders at a general meeting on 21 August. A summary of the changes Introduction of a stabilisation period A stabilisation period will commence on […]
Grit Real Estate Income Group has concluded the final phase in the acquisition of controlling interests in developer Gateway Real Estate Africa (GREA) and asset manager APDM. Grit now owns a direct interest of 51.48% in GREA and a 78.95% shareholding in APDM, following the acquisition of stakes owned by Gateway Partners and Prudential. The […]
QuotedData’s morning briefing 26 July 2023 Primary Health Properties (PHP) reported a 1.3% fall in NAV to 111.1p per share for the six months to 30 June 2023. The group’s portfolio of GP surgeries and health centres was valued at £2.783bn at 30 June 2023, down 0.4% over the period (31 December 2022: £2.796bn) reflecting […]
Student housing provider Unite Group has raised £300m in a placing. A total of 32,693,930 new ordinary shares were placed with institutional investors at a price of 905p, raising £296m. Retail investors subscribed via the PrimaryBid platform for a total of 441,989 new ordinary shares, raising £4m. The issue price of 905p represents a discount of […]
Castelnau Group (CGL) announced that further to the issue of new ordinary shares in connection with its acquisition of Dignity, announced on 5 May 2023, the company will issue a further 7,479 ordinary shares in connection with the listed share alternative pursuant to the statutory squeeze out. The board of Strategic Equity Capital (SEC) has […]
SEGRO has completed the acquisition of 419 hectares of land at the former Radlett Aerodrome in Hertfordshire for £120m, where it plans to develop a rail freight terminal with 3.6m sq ft of logistics warehouse. The land is located close to the M1, M25 and A1(M) and sits alongside the Midland Main Line railway. The […]
As the UK continues to grapple with high inflation and interest rates, investing in property is not for the faint-hearted. One of the strongest options, however, appears to be student accommodation. The fundamentals supporting growth in the sector are striking. University applications continue to rise – both from domestic students and more rapidly from overseas […]
