LondonMetric Property reported a profit uplift in annual results of 185% to £734.5m, with its focus on the urban logistics sub-sector boosting values. The group’s portfolio valuation was up £1bn in the year to £3.6bn, helped by valuation gains and new acquisitions. EPRA net tangible assets (NTA) increased by 37.2% to 261.1p, driven by 67.9p […]
Picton Property has reported impressive annual results for the year to 31 March 2022, with profit after tax of £147m – its highest since launching in 2005. Net asset value (NAV) was up a massive 24.4% over the 12 months to £657m or 120p per share (2021: £528m and 97p), helped by a 21% like-for-like […]
London office developer Helical has posted a 7.3% uplift in NAV for the year to 31 March 2022. The highlights of the results were: EPRA net tangible asset value per share up 7.3% to 572p (31 March 2021: 533p) EPRA net disposal value per share up 13.6% to 551p (31 March 2021: 485p) Net asset […]
Warehouse REIT delivered a NAV total return for the year to 31 March 2022 of 33.2%, as it gears up for a move from AIM to the main market. EPRA net tangible assets (NTA) per share was up 28.6% to 173.8p (31 March 2021: 135.1 pence), thanks to a large increase in the value of […]
In QuotedData’s morning briefing 24 May 2022: Alina Holdings says that due to “the recent collapse in Global Equity Markets, and the board’s relatively bleak economic outlook with the potential for ‘Stagflation’, leading to further stock market declines” it intends to undertake an accelerated strategic review, including the potential sale of the company or liquidation […]
London office landlord and developer Great Portland Estates says it expects positive rental growth over the next year as the supply of new offices are choked off by weaker sentiment and cost inflation. This coupled with a continued “flight to quality” offices by occupiers gives cause for a positive outlook, with the company giving a […]
Regional REIT has acquired three offices in Derby, Milton Keynes and Crawley for a total of £48.2m, reflecting a blended net initial yield of 8.7%. The assets It has acquired Orbis 1-3, Derby (totalling 122,153 sq ft) for £19.8m, and a 8.6% yield. It is located on a 7.54-acre site on the Pride Park business park. […]
British Land delivered a NAV total return for the year to March 2022 of 15.6% as the value of its portfolio continues to recover from the pandemic lows. The company’s EPRA Net Tangible Assets (NTA) was up 12.2% to 727p, while it paid dividends during the year totalling 21.92p. Its portfolio valuation rebounded 6.8% on […]
Life Science REIT has completed the acquisition of Oxford Technology Park, a 20-acre science and technology park, for £120.3m. The acquisition includes the park’s debt of £33.8m and the company will also provide up to £62.7m of forward funding to complete the park’s build-out which, once fully developed, will comprise up to 450,000 sq ft […]
Home REIT hopes to raise £150m in a new placing of shares as it looks to grow its portfolio of homeless accommodation. The placing price of 115p represents a discount of 5.7% to the closing price of 122p on Friday 13 May 2022 and a 4.7% premium to the 28 February 2022 NAV of 111.2p […]
