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 […]
Triple Point Social Housing REIT reported a modest NAV increase of 1.7% in the year to 31 December 2021. Highlights of the results are: EPRA Net Tangible Assets (equal to IFRS net asset value) per share of 108.27 pence (2020: 106.42 pence), an increase of 1.7% Portfolio independently valued at £642.0m (2020: £571.5m) The portfolio’s […]
Hibernia REIT has agreed a deal with Brookfield, the North American private equity giant, on the sale of the business for around €1.089bn. Under the terms of the cash offer made by Benedict Real Estate Bidco Limited (a subsidiary of one of Brookfield’s real estate private funds), Hibernia REIT shareholders would be entitled to receive […]
Harworth Group, the property developer and owner, reported a NAV total return for the year to December 2021 of 24.6% – a record for the company. EPRA net disposal value (NDV) was up a whopping 23.5% in the year to 197.6p per share, or £637.5m, due mainly to valuation gains at its industrial and logistics […]
The board of Raven Property Group, the owner of warehouses in Russia, has proposed a de-listing of its shares after the war in Ukraine and subsequent sanctions on Russia “have made it impracticable for the business to continue in its current form”. The board has entered into an arrangement to allow it to divest itself […]
CLS Holdings, the office landlord with assets in Germany, France and the UK, has posted a 1.5% uplift in NAV in full year results to the end of December 2021. Highlights EPRA net tangible assets (NTA) up 1.5% – primarily due to EPRA earnings and portfolio valuation gains, which were offset by foreign exchange losses […]
Property has traditionally been a good inflation hedge, with rental uplifts usually coming in line with inflation. With inflation forecast to hit around 8% next month (and who knows what later in the year) it seems clear that this will not be the case this time. Leases with inflation protection built-in typically come with a […]
