Regional REIT NAV falls on dilutive share issuance and debt refinancing costs – Regional REIT has published its results for the year ended 31 December 2017. Its EPRA NAV fell to 105.9 from 106.9p, predominately due to the issuance of two tranches of new equity and debt refinancing costs. EPRA EPS rose to 8.1p from 7.7p. They declared dividends […]
India Capital Growth shareholders made 59% in 2017 – India Capital Growth had a great 2017, returning 59% to shareholders and delivering a 42.3% return on its NAV. The NAV just failed to beat its notional benchmark, the BSE Midcap, which returned 45.3%. The 3% underperformance arose in December when three significant portfolio holdings corrected […]
JPMorgan American bailed out by small caps – The year to 31st December 2017 was another positive one for investors in US equities, as the S&P 500 Index on a total return basis rose a further 21.5% for US investors, or 11.0% for UK investors once the effect of sterling’s appreciation against the US dollar […]
Dunedin Enterprise shareholders made 74% in 2017 – [shame it is winding up!] Dunedin Enterprise made an NAV return of 23.9% over 2017. Shareholders did even better, with a total return to shareholders of 74.8%. This was boosted by a return of capital to shareholders of 100p per share and the payment of dividends of 31p. The net asset value decreased […]
International Public Partnership says Carillion hit was just £1.5m – International Public Partnership has released results for the year ended 31 December 2017. Highlights are: Net Asset Value (‘NAV’) growth to GBP2.0 billion (2016: GBP1.6 billion) translates into NAV per share growth to 145.0 pence (2016: 142.2 pence). They say that this reflects steady progression […]
JPMorgan US Smaller Companies beats benchmark helped by stocks such as Grubhub – JPMorgan US Smaller Companies says that, in 2017, its share price rose by 7.7% and the NAV increased 6.3%. Good stock selection has resulted in outperformance of its benchmark index, the Russell 2000 which rose by 4.5% in sterling terms. The board is recommending a […]
Impact Healthcare REIT delivers small NAV uplift – Impact Healthcare REIT has published results for the period ended 31 December 2017. It made a 7.19% EPRA NAV total return for the period from the IPO to 31 December 2017, compared to 10.79% for the EPRA/ NAREIT UK REITs Index. The NAV was 100.65p per share as at […]
Empiric Student Property NAV slips on over distribution – Over the course of 2017, Empiric Student Property’s EPRA NAV fell from 106.2p to 104.5p. The portfolio value at 31 December 2017 was £890.1m. EPRA earnings per share rose from 0.4p to 0.7p, still well short of the 5.55p of dividends that they declared (and their 6.1p target) and this hit […]
Hansteen releases results after busy year – Hansteen has released results for 2017. Highlights are: EPRA NAV per share of 130.6p after return of capital at 11.1p premium to 31 December 2016 EPRA NAV of 128.9p Adjusted EPS was 6.9p (FY 2016: 6.7p) IFRS profit increased by 86.6% to GBP204.3 million (FY 2016: GBP109.5 million) […]
Real Estate Investors seeing HS2 related demand – Real Estate Investors has published results for the year ended 31 December 2017. Highlights are: EPRA NAV per share of 68.9p (2016: 66.2p), up 4.1% EPRA EPS 3.3p (2016: 2.8p), up 17.9% Pre-tax profits at GBP11.3 million, up 37.8% Record underlying profit before tax of GBP6.2 million, […]
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