Merger and acquisition (M&A) activity has boosted rents, earnings and dividend growth at LondonMetric, as it delivers an impressive set of annual results. Net rental income increased 123% to £390.6m in the 12 months to 31 March 2025, with EPRA earnings up 120% to £268.0m (up 20.7% on a per share basis to 13.1p), following […]
Primary Health Properties (PHP) has made a counter bid for Assura that values the company at £1.68bn. The shares and cash offer would see Assura shareholders receive 0.3769 new PHP shares and 12.5 pence in cash. This includes the already paid quarterly dividend of 0.84p (paid on 9 April 2025) and the quarterly dividend of […]
Land Securities delivered positive annual results with EPRA net tangible assets (NTA) increasing 1.7% over the 12 months to 31 March 2025, as real estate values returned to growth. The valuation of its portfolio was up 1.1% and is now worth £10.9bn. This reflected a return on equity of 6.4% and contributed to an EPRA […]
In QuotedData’s morning briefing 16 May 2025: We also have: Did you miss from yesterday?
Blackstone’s potential offer for Warehouse REIT has been thrown into doubt, with the US private equity giant contesting the valuation of a development asset in the portfolio. In an announcement today, Warehouse REIT’s board said that Blackstone had written to it on 7 May “raising several matters arising from its due diligence”. The most significant […]
LondonMetric and Urban Logistics REIT have reached agreement on the terms of a recommended cash and share offer in which LondonMetric will acquire Urban Logistics for £698.9m. Each Urban Logistics share will be entitled to receive 0.5612 new LondonMetric shares and 42.8p in cash. On the basis of LondonMetric’s closing price of 191.5p, the acquisition values […]
In an investor update ahead of its AGM today, Tritax Big Box REIT has said that it has made good progress with its data centre development near Heathrow – with non-disclosure agreements (NDAs) signed with several potential pre-let occupiers including hyperscalers and co-locators. Planning consent for the 107 MW data centre development at Manor Farm, […]
Phoenix Spree Deutschland, which is undergoing a portfolio realisation programme, reported an uplift in the value of its portfolio over the year to 31 December 2024 – the first since 2022. On a like-for-like basis (adjusted for disposals), the value of its Berlin residential portfolio rose 0.8% in 2024 and 3.2% in the second half […]
Very few pockets of the investment universe have escaped the tariff turmoil, but could the real estate sector prove a safe haven while volatility and uncertainty prevail? With global markets sent into a tailspin following “Liberation Day” in early April – when the US president imposed penal, “reciprocal” tariffs on every nation in the world, […]
Supermarket Income REIT (SUPR) has entered into a strategic joint venture (JV) with funds managed by Blue Owl Capital, a leading US alternative asset manager. The JV has been seeded with eight high yielding, omnichannel supermarket assets from SUPR’s existing portfolio, which have been transferred into the JV at a 3% premium to book value […]
