AEW UK REIT delivered a NAV total return of 29.7% for the year to 31 March 2022, helped by a large increase in the value of its portfolio. The small cap, diversified property company posted a 21.7% uplift in NAV over the year to 120.63p per share (2021: 99.15p), as the economy re-opened following pandemic […]
The bad news just keeps mounting up and the economic outlook is getting gloomier. Inflation has shifted from being a post-COVID legacy to a global problem, while ominous economic predictions keep piling up. A fall in UK GDP was revealed this week and was followed by another interest rate hike by the Bank of England […]
Capital & Counties (CAPC) and Shaftesbury have reached an agreement on a £3.5bn all-share merger. The merger of the two West End of London landlords, which will be called Shaftesbury Capital Plc, had been rumoured for years and it was confirmed last month that talks were taking place. Under the terms of the proposed merger […]
Palace Capital has reported an 11.4% uplift in EPRA net tangible assets (NTA) in a positive set of annual results to the end of March 2022. The group, which owns a diverse portfolio of property assets mainly in the industrial and office sectors, said the increase in EPRA NTA to 390p per share (2021: 350p) […]
Industrials REIT has reported a 25% NAV total return for the year to 31 March 2022, as the value of its portfolio rose by more than 20%. EPRA net tangible assets (NTA) was up 20.4% to £1.77 per share, helped by 20.8% like-for-like valuation growth in the value of its portfolio of multi-let industrial (MLI) […]
Workspace Group said that demand for its flexible office space in London was back to pre-COVID levels in full year results. The group completed 1,520 lettings in the year with a total rental value of £30m, which saw occupancy increase to 89.6%. The group’s rent roll was up 8.7% to £92.9m, with rent per square […]
LXI REIT has reported a NAV total return of 18.2% in the year to 31 March 2022. The company, which is currently going through the process of a merger with Secure Income REIT, has delivered an annualised NAV total return of 11.2% per annum since its launch – comfortably ahead of its 8% per year […]
NewRiver REIT’s retail assets returned to capital value growth, with new strategy beginning to pay off. Last year the company set out plans to focus its portfolio entirely on “resilient retail” – which would see its portfolio made up of predominantly retail parks. Its retail portfolio was valued at £649m at 31 March 2022, with […]
Schroder REIT saw its net asset value (NAV) soar by 25.4% in the year to 31 March 2022, as property capital values rebounded strongly. The group expects capital value growth to slow this year as the rapid rise in inflation creates volatility. However, it added that it does not expect a significant correction in values, […]
Home REIT, which funds the acquisition and creation of homeless accommodation across the UK, has raised gross proceeds of £263m in a significantly oversubscribed placing. It smashed its initial target of £150m with strong demand from investors in the capital raise. A total of 228,899,083 new ordinary shares at an issue price of 115 pence […]
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