Care home investor Target Healthcare REIT has posted a net asset value (NAV) total return for the quarter to the end of December 2020 of 1.8%. The group’s EPRA NAV notched up 0.2% in the period to 108.2p per share, reflecting a 0.8% increase in the value of its portfolio to £647.7m. It paid an […]
Civitas Social Housing has agreed a new debt facility that will allow it to grow its portfolio. The group made the announcement with its quarterly net asset value (NAV) update today, but said the terms of the facility would be revealed shortly. It added: “Following completion of certain formalities and on drawdown the company expects […]
Timing is everything in property, and it looks as though Tritax Big Box REIT has got it spot on again with its foray into development. Having launched in 2013, when the logistics sector was seen as the ugly cousin of the glamourous retail sector, the group foresaw the online shopping revolution way before anybody else. It […]
Impact Healthcare REIT, the care home owner, has increased its dividend target for the year to 31 December 2021 by 1.9% after a strong year. The group said its target dividend for the year is 6.41p per share from 6.29p, in line with the inflation-linked rental uplifts it received in 2020. Net asset value was […]
Schroder REIT has collected 85% of rent billed for the first quarter of the year, the company has announced. The sector breakdown of rent collected so far was: offices 94%, industrial 97% and retail/leisure 54%. The group said it expects to recover a “significant portion” of the outstanding amount. Asset management The company completed the […]
BMO Commercial Property Trust’s net asset value (NAV) has nudged up slightly in the quarter to the end of December 2020. The group posted a 0.5% increase in NAV to 117.5p per share, with its property portfolio up 0.2% in the period to £1,227.9m. The stable valuation was down to the strong performance of its […]
Stenprop has reported a 25% average uplift on new industrial lettings in a trading update for the fourth quarter of 2020. The group said the 39 lettings made during the period and the 18 lease renewals were 25% and 24% ahead of previous passing rents and totalled £1.51m of rent per annum. Like-for-like passing rent […]
CLS Holdings has acquired three offices in Germany for a combined €89.7m. The company has exchanged contracts to buy Hansaallee 299, in Düsseldorf, Storkower Strasse 132, in Berlin, and Wendenstrasse 408 in Hamburg. It has paid a net initial yield of 4.8% for the three properties. Combined, the three offices are 93% occupied by 31 tenants and have […]
Residential Secure Income has collected 99% of rent for the quarter, a rate that has been unchanged throughout the pandemic. The group said this demonstrated the secure nature of its cashflows from its affordable shared ownership, retirement and local authority housing portfolio, with rents underpinned by pensions, housing welfare, below market rents and shared owner stakes. […]
Tritax Big Box REIT has collected 99% of rent for 2020, it has announced in a quarterly business update. The group said the remaining 1% was subject to deferral arrangements and due to be collected by mid-2021. For the current quarter, the group has so far collected 93%, which it expects to increase to 100% […]
