PRS REIT has reported significant progress in the delivery of private rented housing portfolio in full year results. The group almost doubled the number of homes in its portfolio in the year to 30 June 2021, from 2,082 to 3,984. In the quarter to 30 September 2021 it has added a further 307, bringing the […]
Civitas Social Housing (CSH) has published a full response to short-seller criticisms that has led to a 25% fall in the group’s share price. ShadowFall, an investor that sells stock in companies it doesn’t own and then publishes negative research on them with the aim of buying back the shares at a cheaper price, published […]
It has been a turbulent few weeks for the social housing sector, with the biggest fund Civitas Social Housing being aggressively targeted by a short-seller. Not only has this hit the share price of Civitas (down 27.5% since 5 August) and its listed peer Triple Point Social Housing REIT (down 17% since mid-August), but it […]
With the re-opening of the economy seeing consumers return to physical retail and the important role stores play in omnichannel retail strategies becoming more apparent, is now the time to look at retail again? Pricing has already started to recover in the retail park segment of the market (where investor appetite is strong for reasons […]
Alternative Income REIT (AIRE) has reported a 2.4% uplift in net asset value (NAV) in full year results to the end of June 2021. NAV increased to 85.58p per share (from 83.58p) thanks to a 4.3% uplift in the valuation of its long-income property portfolio to £109.23m. EPRA earnings for the year were 5.55p per […]
Aberdeen Standard European Logistics Income (ASLI) has raised £125m in a significantly oversubscribed issue. A total of 114.7 million new shares will be issued at a price of 109.0p. The board said despite the oversubscription, a scaling back exercise had to be undertaken with investor demand substantially exceeding £125m. Tony Roper, chairman, said: “The very […]
Normally the dull end of the real estate world (meant in the nicest possible way), the social housing real estate investment trust (REIT) sector has thrown up two of the biggest pieces of news this week – Civitas Social Housing (CSH) coming under attack from a short seller and Home REIT (HOME) raising £350m in […]
Supermarket Income REIT (SUPR) has reported impressive full-year results, posting net asset value (NAV) total return of 12.8% for the year to 30 June 2021. The uplift in NAV (EPRA net tangible assets – NTA) of 7% to 108p per share was primarily due to an 8.5% like-for-like growth in the value of its property […]
Urban Logistics REIT has deployed £88m of the £109m it raised in July in six off-market transactions. The blended net initial yield (NIY) was 5.4% and is made up of a combination of income producing assets and forward funding commitments. Separately a further £15m was deployed before this equity raise, in three transactions. The manager […]
Supermarket Income REIT has acquired six supermarkets for a total of £113.1m, reflecting a combined net initial yield of 4.6%. Acquired from different vendors, the purchases consist of a Tesco in Prescot, two Morrisons in Durham and Cumbria, an Aldi in Oldham and an Aldi and M&S Foodhall site in Liverpool. The Tesco in Prescot, Merseyside […]
