abrdn European Logistics Income has reported NAV total return in 2021 of 12.4%, as the European logistics sector continues to benefit from a supply-demand imbalance. The group’s NAV increased 7.5% to €1.29 per share, while it paid out dividends in the year of 5.64 euro cents. IFRS earnings were 15.4 euro cents per share for […]
Warehouse REIT has exchanged contracts to acquire an industrial estate in Milton Keynes for £62m, reflecting a net initial yield of 4%. The multi-let Bradwell Abbey Industrial Estate totals 335,000 sq ft across 69 units and is located just off the A5, and close to the M1 motorway. The estate is currently 96% let to […]
BMO Commercial Property Trust will change its name to Balanced Commercial Property Trust following the sale of its manager’s business from Bank of Montreal (BMO) to Ameriprise Financial, parent company of Columbia Threadneedle. The announcement was made in the group’s annual results where it delivered a net asset value (NAV) total return for 2021 of […]
With everything else going on, it feels like the topic of ‘net-zero’ has been pushed down the agenda. However, with new legislation due to come through on the energy efficiency of commercial property, landlords may be sitting on a ticking time-bomb. The government has set a target of lifting the minimum energy performance certificate (EPC) […]
Supermarket Income REIT has announced its intention to raise £175m through a placing. The issue price of 121p is a discount of 4.3% to last night’s closing price of 126.5p and a 7.1% premium to its last reported EPRA NTA of 113p on 31 December 2021. The company’s investment adviser, Atrato Capital, has identified a near-term […]
Palace Capital said it was set to up its dividend following good performance, but added that it was considering a range of strategic options, including returning capital to shareholders, as it looks to close its discount to net asset value (NAV). The group added an additional £1.9m of annualised net rental income during the year […]
Phoenix Spree Deutschland, the Berlin residential landlord, has reported a 7.0% uplift in NAV in annual results, helped by an end to the Mietendeckel (rent control policy) in the German capital. EPRA net tangible asset (NTA) per share was €5.65 at the end of December 2021, up from €5.28 a year prior. This was largely […]
Impact Healthcare REIT, the UK care home investor, has reported strong annual results, posting a net asset value (NAV) total return of 8.4%. NAV per share increased 2.6% (growth of 2.85p per share) in the year to 31 December 2021 to 112.43p and with dividends paid in the year of 6.41p per share resulted in […]
Regional REIT, the UK office investor, says the regional office market is primed for growth in annual results to 31 December 2021. The group said it had seen an increase in demand from tenants for greater customer care, space that encourages collaboration, and a focus on health and well-being, as businesses return to the office. […]
Urban Logistics REIT (SHED) has acquired four new assets for £72m, including its first central London property, at a blended net initial yield (NIY) of 4.6%. The group said all the assets are income producing and benefit from strong covenants, but also come with significant asset management potential. Following these transactions, the company has deployed […]
