PRS REIT has reported a 3.0% uplift in EPRA net tangible assets (NTA) to 120.1p per share in full year results to 30 June 2023. The private rented sector is in the sweet spot with demand and supply dynamics significantly boosted by the housing and cost of living crisis. Strong estimated rental value (ERV) growth […]
Target Healthcare REIT reported a 6.9% fall in EPRA net tangible assets (NTA) to 104.5p per share in full year results to 30 June 2023. The care home landlord said that valuations had stabilised over the second half of its financial year following the impact of higher interest rates in the first half. Uplifts of […]
Retail has been a dirty word for property investors for so long now that it’s hard to remember the time when it was the darling of the real estate sector. When shopping centres were popping up all over the UK and high streets were buzzing. The bubble burst with online retailing in the 2010s and […]
Phoenix Spree Deutschland (PSDL), which owns a large portfolio of rental properties in Berlin, has accelerated plans for future condominium sales, reflecting the wide discrepancy between values it has been achieving and its share price. Over the past 12 months, the company has achieved sales prices, on average, of €5,545 per square metre, while the […]
Home REIT has reassigned the leases at 146 properties that had formerly been occupied by Redemption Project CIC, which went bust earlier this month. Home REIT will now hope to receive rent on the portfolio of properties (which equates to 6% of its portfolio by number) having not been paid by Redemption for the whole […]
In QuotedData’s morning briefing 15 September 2023: VH Global Sustainable Energy Opportunities (GSEO) has announced that it will implement at £10m share buyback program. The board remains aware of the impact of GSEO’s discount, and will undertake buybacks when it believes to be in the interest of shareholders. Blackstone Loan Financing (BGLF) has announced that […]
LondonMetric Property has sold a portfolio of four multi-let industrial estates to Hines for £40.5m, reflecting a net initial yield of 6.2% and in line with March 2023 valuations. The estates total 435,000 sq ft across 47 units and generate £2.7m of annual rental income, with a WAULT to first break of 2.9 years. Three […]
In QuotedData’s morning briefing 12 September 2023: Regional REIT (RGL) reported a 9.0% drop in EPRA net tangible assets (NTA) to 66.9p per share for the six months to 30 June 2023 (Dec 2022: 73.5p). The value of the group’s portfolio of 150 regional offices fell 3.8% on a like-for-like basis to £752.2m (Dec 2022: […]
The board of Ediston Property Investment Company (EPIC) has agreed a deal to sell the company’s entire portfolio of UK retail parks to US company Realty Income for £196.8m. The company expects to have net assets of £152.2m, equivalent to 72.0 pence per share. This is a 17.7% premium to the share price on 15 […]
QuotedData’s morning briefing 8 September 2023: AEW UK REIT (AEWU) has acquired a mixed-use asset in Bath city centre for £11.5m, reflecting a net initial yield of 8.0% and a capital value of £223 per sq ft. Following this acquisition, the company is close to full deployment, with remaining cash available to invest of £3m. The […]
