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 […]
AEW UK REIT (AEWU) has successfully taken out legal action against two well-funded national tenants – Sports Direct and Mecca Bingo – to recover rent that it had refused to pay during the pandemic. The result of the legal proceedings is a huge moment for the property sector, which has been dogged by unpaid rent. […]
Tritax Big Box REIT (BBOX) toasts £90m acquisition of the largest wine production warehouse in Europe. The 872,000 sq ft facility in Avonmouth, in the South West of England, is let to Accolade Wines with 13 years on the lease and was acquired at a net initial yield of 5.1%. Accolade Wines is one of […]
Impact Healthcare REIT (IHR) has exchanged contracts to acquire a care home near Lowestoft and entered into a pre-let forward funding arrangement for a new care home in Norwich, for a combined £20.8m. Both properties are let to a Carlton Hall Limited, a new tenant in the group’s portfolio and comprise 166 beds. On completion […]
Portfolio shake-ups seem to be all the rage among listed property companies at the moment. Those with large exposure to retail certainly need to be doing something to stem the flow to valuation falls. The words horse and bolted come to mind. No-one could have foreseen a global pandemic, but the effects of online retailing […]
Phoenix Spree Deutschland, the UK listed investment company specialising in German residential real estate, has seen its share rise 6.5% today on the news that the German Federal Court has ruled against the legality of the Mietendeckel rent freezer in Berlin. Phoenix Spree had estimated that the financial impact of the Mietendeckel, which became effective on 23 […]
