Supermarket Income REIT buys Scunthorpe Tesco Extra – Supermarket Income REIT has acquired a Tesco Extra supermarket in the north Lincolnshire town of Scunthorpe, England, from Legal and General Pensions Limited for GBP53 million (net of acquisition costs), reflecting a net initial yield of 5.1%. Developed in 2002, the store totals 98,000 sq ft on an […]
TR Property extends its run of good performance – TR Property delivered a net asset value total return of 15.5% for the year ended 31 March 2018, well ahead of the benchmark at 10.2%. Coupled to this revenue has increased by 16.2% for the year and the total dividend for the year was 12.20p, 16.2% ahead of […]
F&C UK High Income Trust cuts management fee – F&C UK High Income Trust has published results for the year ended 31 March 2018. The fund underperformed the All-Share index, returning -2.5% in NAV terms, -2.8% in share price terms for the ordinary shares and -3.8% for the share price of the B shares. By […]
Perpetual Income & Growth reports underperforms its benchmark for a second year – The NAV total return of Perpetual Income & Growth (PLI) for the year ended 31 March 2018 was –5.6%. Chairman of the company’s board, Richard Laing stated in his report that this was a disappointing result in a difficult year in which the […]
FDA fast track review for trust-backed Sage Therapeutics Sage Therapeutics (Nasdaq: SAGE), a high conviction idea for two of the biotech sector specialist investment trusts, has confirmed that the US FDA has accepted the NDA filing for its lead product, brexanolone IV for treatment of postpartum (post natal) depression (PPD), and granted the application priority review status. NDA […]
NextEnergy Solar adds first plants with onsite battery storage – NextEnergy Solar Fund Limited has announced the acquisition of two operating solar plants in the UK. These come with integrated energy storage facilities. The purchase of Salcey Farm and Pierces Farm adds an additional 7.2MWp to NextEnergy Solar’s portfolio. The integrated energy storage capabilities at both sites have a combined capacity […]
Shires Income increases its dividend to shareholders by 2% – During the year ended 31 March 2018, Shires Income‘s NAV per share increased by 3.3% on a total return basis, compared to a total return from the benchmark, the FTSE All-Share Index, of 1.2%. The share price total return was 12.2%, as the discount to NAV closed near […]
Aberdeen Japan returned enhanced by yen/sterling currency hedge – Aberdeen Japan Investment Trust (AJIT) has released its final report for the year to 31st March 2018. The NAV of the company rose by 12.6% on a total return basis. By way of comparison, the TOPIX index of leading Japanese companies rose by 8.2% on the same basis. […]
LondonMetric announces its annual results – LondonMetric (LMP) is a Real Estate Investment Trust (REIT) that specialises in distribution, convenience and long income property. LMP is a constituent of the FTSE 250. It focuses on strong and growing income and adding value through asset management initiatives and short cycle developments. LondonMetric has 14 million sq ft under management. […]
A mixed year for Value and Income Trust – In its final report to 31 March 2018, Value and Income Trust (VIN) stated that the NAV performance of the company was mixed. Its property portfolio had a good year. However, the equity portfolio was less successful in a difficult year for income focused investors. The NAV total return was -1.6% […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated
