LXI REIT has reported a NAV total return of 18.2% in the year to 31 March 2022. The company, which is currently going through the process of a merger with Secure Income REIT, has delivered an annualised NAV total return of 11.2% per annum since its launch – comfortably ahead of its 8% per year […]
NewRiver REIT’s retail assets returned to capital value growth, with new strategy beginning to pay off. Last year the company set out plans to focus its portfolio entirely on “resilient retail” – which would see its portfolio made up of predominantly retail parks. Its retail portfolio was valued at £649m at 31 March 2022, with […]
Schroder REIT saw its net asset value (NAV) soar by 25.4% in the year to 31 March 2022, as property capital values rebounded strongly. The group expects capital value growth to slow this year as the rapid rise in inflation creates volatility. However, it added that it does not expect a significant correction in values, […]
Home REIT, which funds the acquisition and creation of homeless accommodation across the UK, has raised gross proceeds of £263m in a significantly oversubscribed placing. It smashed its initial target of £150m with strong demand from investors in the capital raise. A total of 228,899,083 new ordinary shares at an issue price of 115 pence […]
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 […]
