LXi REIT has acquired an Aldi foodstore and a Dobbies garden centre for a total of £24m, as it continues to build its long-income portfolio. The acquisitions, which were acquired off-market, have an average net initial yield of 5.45%, a long average unexpired lease term to first break of 29 years and 100% of the income […]
In QuotedData’s morning briefing 4 May 2021: Syncona (SYNC) has provided an update on investee company Gyroscope Therapeutics’ proposed IPO in the US. SYNC says that Gyroscope has filed an amended registration statement on Form F-1 with the US SEC, which relates to a proposed IPO in the US of its American Depositary Shares (ADS), with […]
After last week’s news that several property landlords, including AEW UK REIT, had successfully sued some of its tenants for rent arrears that had amassed during the COVID pandemic, two of property’s big boys – Land Securities and British Land – have set up plans for a more amicable solution to the rent conundrum. The […]
Standard Life Investments Property Income Trust (SLI) has posted full year results for 2020. The highlights are: Net asset value (NAV) per share 82.0p (Dec 19: 89.9p), down 8.8% as valuations came under pressure, particularly in the first half of the year, due to COVID-19. NAV total return of -4.6% EPRA earnings per share 4.1p Dividends […]
Stenprop, the UK multi-let industrial (MLI) property company, recorded a record quarter for leasing in the first quarter of 2021. The group completed 50 new lettings in the period (39 previous quarter) and 33 renewals (18 previously) worth £1.54m of annual rent. New lettings were at a 24% average uplift on the previous passing rent, while […]
Aberdeen European Logistics Income (ASLI) has reported stellar results for 2020 in which it posted a 13.6% net asset value (NAV) total return. The group, which owns a portfolio of 15 logistics assets in continental Europe, said NAV increased 8.1% to €1.20 (31 Dec 19: €1.11). This was primarily driven by yield compression as investor […]
Home REIT, the investor in homeless accommodation, has reported its maiden results after launching in October 2020. The group raised £240m in an initial public offering (IPO) and has since spent all the proceeds on amassing a portfolio of 572 properties with 3,019 beds. Highlights from the results are: Net asset value (NAV) and EPRA […]
Target Healthcare REIT has posted a 2.5% net asset value (NAV) total return for the first quarter of 2021. The care home investor said EPRA NAV per share was up 0.8% to 109.1 pence in the quarter to 31 March 2021. Including payment of a dividend of 1.68 pence during the period, the NAV total […]
BMO Real Estate Investments has reported a rent collection rate for the year to 31 March 2021 of 94.7%, while its net asset value (NAV) notched up 1% in the first quarter of 2021. The group, which owns a diverse portfolio heavily weighted to the industrial sector, said collection for the current quarter (to the […]
REIT investors will be breathing a huge sigh of relief following a series of High Court judgments on rent arrears that fell in favour of landlords this week. AEW UK REIT (AEWU) was one of three landlords that successfully sued tenants for unpaid rent. In its case two tenants – Sports Direct and Mecca Bingo […]
