Grit Real Estate Income Group, the pan-African real estate investor and developer, has secured new $306m borrowing facilities, as it streamlines its debt structure. The sustainability-linked term loan and revolving credit facility (which is the largest real estate sector transaction to date in Sub-Saharan Africa, excluding South Africa) consolidates seven existing loans into a single facility. […]
CT Property Trust (formerly BMO Real Estate Investments) has posted a 34.3% NAV total return in annual results to 30 June 2022. The group’s NAV jumped 30.1% in the year to 132.8p per share, while it paid dividends of 4p per share. The dividend was fully covered by earnings by 106.5%. The company’s share price […]
Care home owner Target Healthcare REIT reported a 8.1% NAV total return for the year ended 30 June 2022. Result highlights include: EPRA NTA per share increased 1.7% to 112.3 pence (2021: 110.4 pence) Group specific adjusted EPRA earnings per share fell 7.5% to 5.05p (2021: 5.46p), mainly due to the time lag between a […]
PRS REIT has posted a sharp increase in net asset value (NAV) for the year to 30 June 2022, off the back of strong estimated rental growth across its residential portfolio. The group’s NAV was up 30% year-on-year to £639m or 116.4p per share (2021: £490m or 99.0p per share). Like-for-like blended rental growth over […]
Student accommodation investor Unite Students has acquired a build-to-rent property in Stratford, east London, for £71m as it looks to branch out into the residential sector. It has purchased 180 Stratford, a 178-unit purpose-built build-to-rent property, which it says will enable it to” test its operational capability to extend its accommodation offer to young professionals […]
abrdn European Logistics Income (ASLI) has acquired two logistics warehouses – in Dijon, France, and Horst, the Netherlands – for a total of €21.4m. Constructed in 2004 and refurbished in 2021, the 5,069 sqm Dijon property was acquired for €9.3m, reflecting a net initial yield of 4.2%. The building is leased to Dachser Intelligent Logistics, […]
Great Portland Estates (GPE) has exchanged contracts to sell 50 Finsbury Square, EC2, for £190m – in a fillip for the real estate market. The price represents a net initial yield of 3.85% – which reflects the continued strength of investor demand for prime office buildings despite economic woes. The 121,800 sq ft office, which […]
Supermarket real estate has proved its worth during times of distress before – most recently during the pandemic – but can it do it again this time around as we enter a potential recession? Supermarket Income REIT (SUPR), the largest supermarket landlord in the UK, and LXI REIT are both nailing their colours firmly to […]
The Investment Company reported a fall in net asset value (NAV) of 1.4% in the year to 30 June 2022 to 336.3p, with the weak pound offsetting declines in share prices among its overseas equities portfolio. The NAV was also boosted by the price of gold, which rose 16.3% against sterling and this increase added […]
In QuotedData’s morning briefing 23 September 2022: M&G Credit (MGCI) has reported a NAV total return for the half year to 30 June 2022 was -3.4% which compared favourably to the performance of fixed income indices such as the ICE BofA Sterling and Collateralised Index (-14.17%) and the ICE BofA European Currency Non-Financial High Yield […]
