AXA Property Trust has reported a return on net assets of 3.6% for the second half of 2014 as the NAV rose from 54.5p to 56.5p. They say that two more sales of properties in the portfolio are close to being agreed. If they can get these done, a further capital distribution may be possible […]
Over the second half of 2014 JPMorgan Global Convertibles Income generated a negative return on net assets of -4.8%. The return to shareholders was -5.8%. Two quarterly interim dividends of 1.125p have been declared so far. The target is to pay 4.5p for the year as a whole. Discussing the performance, the investment manager mentions energy […]
British Land has announced that it is paying £135m for Surrey Quays Leisure Park – the seller is Aviva Investors. When combined with Surrey Quays Shopping Centre and Harmsworth Quays, the former Daily Mail General Trust printing works, British Land has now assembled a 50 acre site close to Canada Water and Surrey Quays stations that it […]
Altin’s Board is planning to reduce the capital of the company by buying back up to 10% (382,386 shares) by issuing tradable put options to the share-holders. Every shareholder will receive one put option per Altin share held, free of charge. Ten put options entitle the holder to offer one Altin share to Altin for […]
Over 2014, intu Properties net asset value rose from 346p to 379p, an increase of 9.5%. this was achieved on the back of an increase in their underlying property value of 8.2% which was ahead of the return on the equivalent IPD index of 7.3%. The weighted average equivalent yield on their properties fell from […]
Bluefield Solar Income Fund has announced its interim results for the six months ended 31 December 2014. Over the period the fund expanded by £131m through a placing of new shares but the fund’s net asset value per share fell from 102.96p to 101.34p. They paid an interim dividend of 3.25p during the period and say […]
Macau Property Opportunities results for the six months ended 31 December 2014 have been published. Over the period the fund’s net asset value fell by 3.6% to $4.71 on property valuations down 2.1% to $547.6m (on an IFRS basis, where assets held for sale are valued at the lower of cost and net realisable value, the […]
RIT Capital Partners results for 2014 show the company generating a return on net assets of 9.5% and a return to shareholders of 13.3% as the discount narrowed from 9% to 5.8%. They are keen to stress that the performance has been achieved with a relatively low average exposure to equities of 56% over the year. The […]
Custodian REIT has added to its portfolio, paying £2.465m for a 17,384 sq ft, four storey office building in Glasgow city centre, with excellent transport links to junction 19 of the M8, Central and Queen Street train stations and Buchanan Street underground station. The property is let to four tenants with lease expiries between 30 […]
Pantheon International Participations’ interim figures, covering the second half of 2014, are pretty good. The net asset value rose by 11% and the share price by 10% (over a time when the FTSE All-Share didn’t deliver much of a return and the MSCI World returned 9.7%). The net asset value is now just shy of £1bn […]
