Home REIT has acquired two portfolios of homeless accommodation properties for a total of £92.3m, its first deployment since its £263m equity issue in May 2022. The company has acquired 183 properties located across England for £84.9m, and in a separate transaction bought 33 additional properties for £7.4m. In total, these have added a further […]
Having read the extremely alarming news that there is set to be an exodus of GPs, exacerbating existing shortages, I thought it would be worth looking at the likely impact on the two listed primary healthcare landlords – Assura and Primary Health Properties (PHP). According to reports, one in four GP posts are set to […]
Civitas Social Housing has reported a strong set of annual results for the year to 31 March 2022, posting a NAV total return of 7.0%. The group’s IFRS NAV increased to 110.3p per share (2021: 108.3p) following a 5.8% increase in the value of its portfolio to £968.8m. Dividends of 5.55p per share were paid […]
Urban Logistics REIT doubles size of portfolio in “transformational year” and reports a 23.9% uplift in NAV. The group, which raised £358m of equity, moved to the main market and was included in the FTSE 250 index in the 12 months to 31 March 2022, said its portfolio of mid-box urban warehouses was now valued […]
Care home provider Impact Healthcare REIT has announced its intention to issue new equity to acquire an identified pipeline of care homes. The company proposes raising new equity through a placing under its existing placing programme and in addition an offer for subscription to raise up to the Sterling equivalent of €8m. The size of […]
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) […]
