A good number of real estate investment trusts made headway in July despite mounting macroeconomic uncertainty weighing on the sector which, after a strong first half of the year, was down 2.6% on average. Best performing real estate shares (%) Sirius Real Estate 6.8 International Workplace Group 6.0 Value & Indexed Property Income Trust […]
At a time when real estate fortunes are turning positive, the UK REIT sector offers slim pickings to attentive investors. Three years battling wide discounts to NAV and pulsating merger and acquisitions (M&A) activity has seen the number of listed real estate stocks almost halve. Mid-way through 2022, when the impact of soaring inflation and […]
The boards of Tritax Big Box REIT (BBOX) and Warehouse REIT have reached agreement on the terms of a recommended cash and share offer, in which BBOX will acquire Warehouse REIT – trumping the current Blackstone offer. Under the terms of the acquisition, each Warehouse REIT share will be entitled to receive 0.4236 new BBOX […]
The board of Assura has recommended the offer for the company from Primary Health Properties (PHP), switching from its previous recommendation for the KKR/Stonepeak bid. Under the terms of the increased PHP offer, Assura shareholders would receive 0.3865 new PHP shares and 12.5p in cash. In addition, Assura shareholders would receive a special dividend of […]
Primary Health Properties (PHP) has hit back in the battle for Assura stating that a merger of the two healthcare specialists was a highly compelling proposition for both sets of shareholders. This follows Assura board’s recommendation of an improved offer for the company from private equity groups KKR and Stonepeak valuing the company at £1,696m, […]
Custodian Property Income REIT said that it expects its share price to re-rate back towards NAV, after the company delivered strong earnings growth over the year to 31 March 2025. In annual results, the company posted a 4.9% uplift in EPRA earnings to 6.1p per share, fully covering its dividend of 6.0p (which was up […]
PRS REIT’s board has said that it has received a proposed offer for the company from Long Harbour valuing it at 115p, or £631.6m. The company put itself up for sale earlier this year following a strategic review. This followed a requisition from a group of shareholders last year, which ended in the chairman Steve […]
Schroder REIT reported its strongest annual results since 2022, with a NAV total return of 11.0% over the 12 months to 31 March 2025. A 3.4% uplift in the value of its portfolio to £480.0m contributed to a 4.8% increase in NAV to 61.6p per share. With dividends of 3.48p, which were up 4% on […]
A strong rebound in valuations in the multi-let industrial sector saw Warehouse REIT post a 2.9% uplift in EPRA net tangible assets (NTA) to 128.0p in annual results to 31 March 2025. This comes after the company last week recommended a reduced cash offer for the company from Blackstone at 109.0p. [QD comment: That now […]
The bidding war for Assura has taken another turn, with Kohlberg Kravis Roberts and Stonepeak Partners tabling an improved offer. Under the terms of the ‘best and final’ offer, which has been recommended by Assura’s board, Assura shareholders will receive 50.42p in cash plus retain two quarterly interim dividend of 0.84p (one paid on 9 […]
