Harworth Group delivered a NAV total return of 9.1% over 2024, after seeing EPRA net disposal value (NDV) increase 8.5% driven by gains on development sites and land sales. Over the last five years the company has posted average annual returns of 8.4% against the MSCI All Property Index of 5.1%. EPRA NDV per share […]
Life Science REIT has launched a strategic review into the future of the company that will explore a potential sale or managed wind down. The board said in the announcement: “As set out in its interim results announcement on 26 September 2024, the board acknowledges the challenges and significant headwinds that the company has faced […]
Just days after announcing a recommended cash offer for the company, Care REIT has reported annual results for 2024. EPRA net tangible assets (NTA) were up 3.7% to £493.97m (119.21p per share), reflecting a 4.3% increase in property investments, which were independently valued at £679.0m. EPRA earnings per share were up 2.4% to 8.89p, while […]
Empiric Student Property has reported annual rental growth of 9.3% in 2024 results, as the student accommodation sector continues to thrive. Like for like rental growth for the academic year 2023/24 was 10.5%, while it achieved 7.0% in the 2024/25 academic year. This translated into a 5.0% uplift in EPRA earnings per share 4.2p (2023: […]
Sirius Real Estate has exchanged contracts to acquire a business park and development opportunity in Southampton for a total £40.5m. The company has agreed to acquire Chalcroft Business Park for £36.5m, representing a net initial yield of 5.5%, as well as an adjoining 4.5 acre piece of development land with outline planning permission, for £4.0m. […]
Care REIT has agreed a deal with US-listed care home provider CareTrust for the sale of the company for £448m. The recommended cash offer would see Care REIT shareholders receive 108p per share, which represents: a 32.8% premium to the closing price of 81.3p on 10 March 2025; a 36.0% premium to the one-month volume weighted average […]
Urban Logistics REIT’s board has agreed an internalisation proposal with the principals of Logistics Asset Management (LAM), its investment adviser, to be effected via the acquisition by the company of the management vehicle. The initial consideration will be £6.8m to be paid in shares, with added payments that will vest over time depending on the […]
Supermarket Income REIT is proposing to internalise its management function, with the board and its current manager Atrato Group reaching agreement on a £19.7m deal. The board said that it believes the move delivers a number of compelling financial and strategic benefits, including: Significant cost savings of at least £4m per annum, equivalent to a yield […]
Warehouse REIT has received an offer for the company from private equity houses Blackstone and Sixth Street Partners valuing the company at around £470m. The consortium said that it made the offer (its fourth indicative all cash proposal) to the board of Warehouse REIT on 23 February 2025. The offer price of 110.5p per share […]
In QuotedData’s morning briefing 4 March 2025: Alternative Income REIT (AIRE) posted a 1.3% uplift in NAV to 81.94p per share in the six months to 31 December 2024. This reflected a 3.4% increase in the value of its portfolio. The company’s share price increased 7.0% over the period, with the discount to NAV narrowing […]
