Robust performance at Custodian REIT despite retail woes – Custodian REIT saw the value of its portfolio fall slightly in the quarter to the end of June as retail failures took its toll. The portfolio value stood at £568m, down from £572.7m at the end of March, driven largely by a marked reduction in value […]
Impact Healthcare continues strong growth – Impact Healthcare REIT, which owns a diversified portfolio of UK healthcare assets, reported its NAV had increased to just under £300m in the quarter to the end of June. NAV stood at £299.9m, or 104.67 pence per share, compared to £200.2m or 104.18 pence per share at the end […]
Hammerson continues non-core sell-off as NAV falls again – Hammerson has reported another fall in net asset value and announced the sale of its stake in a Paris mall. NAV per share dropped by 7.2% in the first six months of the year, while net rental income fell 12.3% to £156.6m. Adjusted profit for the half […]
Capital & Counties pulls trigger on Covent Garden demerger – Capital & Counties has today announced its intention to launch its Covent Garden holdings as a central London focused REIT. Under the proposals Capco will create two central London estates, Covent Garden London and EC Properties, which will be made up of its Earls Court estate. […]
Primary Health Properties delivers 22.7% total shareholder return – Primary Health Properties has posted its first set of results following its merger with MedicX earlier this year, delivering a 22.7% total shareholder return in the first six months of the year. The company said it had delivered the operating synergies of £4m a year that it […]
SEGRO posts impressive 19% hike in profits – SEGRO, the UK’s biggest REIT, has posted a 19% jump in profits and 3.5% growth in its UK and European industrial portfolio in half-year results. The company reported adjusted pre-tax profit of £131.8m in the six months to 30 June (H1 2018: £110.6m) reflecting record development completions in […]
Secure Income REIT sells hospital portfolio for £347m – Secure Income REIT has sold a portfolio of eight private hospitals for £347m. The sale of the Ramsay Health Care-let assets to US specialist healthcare REIT Medical Properties Trust will reduce Secure Income REIT’s LTV to 33.5%. The deal will increase EPRA NAV per share by an estimated […]
Unite posts strong earnings and dividend growth – Student accommodation specialist Unite Group, which is in the middle of a £1.4bn acquisition of Liberty Living, posted earnings growth of 16% in its half-year report, boosting its dividend by 8%. EPRA earnings rose to £61.2m in the first half of 2019, compared to £52.9m in H1 2018. […]
Schroder REIT updates on performance – Schroder Real Estate Investment Trust has reported a marginal drop in NAV in the quarter to 30 June 2019. The unaudited NAV was £355.7m or 68.6 pence per share (pps), a decrease of 0.15% per share compared with the NAV at the end of March. It did, however, report a […]
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