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 […]
RIT Capital Partners posted a NAV total return of 9.4% in its 2024 annual results, with all three investment pillars – quoted equities, private investments, and uncorrelated strategies – delivering positive returns. Click here to read our result analysis research note and here to watch RCP’s manager Maggie Fanari detail the results. NAV was up […]
Results season has been a depressingly gloomy affair over the last two or three years for property analysts, but a series of 2024 reports posted this week show that the clouds are parting and the light is starting to peer through for real estate. In the main, 2024 was a very positive year for the […]
Tritax Big Box REIT delivered a NAV total return of 9.0% over 2024, its largest annual return since 2021, as the logistics property market rebounds. The company’s EPRA net tangible assets (NTA) were up 4.7% over the year to 185.56p per share, while the company paid dividends of 7.66p (up 4.9% on 2023). These were […]
Primary Health Properties (PHP) continues its impressive run of dividend growth and values have hit an “inflexion point”. In annual results for 2024 the company said that adjusted earnings were up 2.9% to 7.0p per share, fully covering its dividend in the year of 6.9p. It intends to up its 2025 dividend to 7.1p – […]
London office developer Derwent London saw valuations stabilise over 2024 in a boon for the real estate sector. Its portfolio value grew 0.2% over the 12 months to £4,861m, with the final six months of the year seeing a 1.9% increase in values. This contributed to a 0.6% uplift in its EPRA net tangible assets […]
Shaftesbury Capital has reported strong annual results with valuations up 4.5%, a further indication that the real estate market has turned a tide. The value of its portfolio in London’s West End at the end of 2024 was £5.0bn, up 4.5% on a like-for-like basis driven by 7.7% ERV growth offset by a marginal outward […]
Weiss Korea Opportunity Fund has proposed a managed wind-down of the company. The board said that it carried out extensive consultation with advisers and shareholders, and received a number of proposals from third parties, before making the decision. It launched a strategic review in November 2024 after its investment manager, Weiss Asset Management, said that […]
Greencoat UK Wind’s NAV fell 7.9% to 151.2p per share in the year to 31 December 2024, due to poor power price forecasts and wind yields. Reflecting negative investor sentiment to the renewable energy sector and wider issues in the investment trust sector, the company’s share price fell further by 15.7% over the year, resulting […]
In QuotedData’s morning briefing 27 February 2025: CQS New City High Yield (NCYF) posted a NAV total return of 3.6% for the six months ended 31 December 2024. The share price total return was 2.9%, with the premium to NAV narrowing slightly to 4.9%. The company’s dividend yield was 8.8% at the end of 2024, […]
