Picton Property Income has announced results for the year ended 31 March 2016. The EPRA NAV increased by 12.7% to 77 pence per share. EPRA earnings increased by 30.1% to GBP19.9 million, equivalent to EPS of 3.7 pence per share (up 8.3% on the year before). The dividend has been increased by 10% to 3.3p. The total […]
The year to the end of April was a difficult one for Asian funds. Invesco Asia outperformed however, returning -7.1% on net assets against -14.3% for the MSCI AC Asia ex Japan Index. The return to shareholders was -10.3% (the discount widened from 9.8% to 13.1%). The dividend is being maintained at 3.65p. At the […]
Target Healthcare REIT Limited has announced that it has completed the acquisition of a modern, purpose built care home in Cheltenham, Gloucestershire for approximately GBP7.9 million including acquisition costs. The home was completed in 2010 and the striking modern design was award-nominated. It comprises 66 bedrooms with full en-suite bathrooms with wetroom showers, spread over […]
Gresham House Strategic has announced results for the year ended 31 March 2016. Since the new managers were appointed the NAV has returned 1.0% against a return of -2.8% for the FTSE Small cap. and -5.4% for the FTSE All-Share Index. Although they committed to distribute 50% of capital realisation gains through dividend, the board decided that for […]
Industrial Multi Property Trust (IMPT) has published the text of a letter it is sending to its shareholders to update them regarding the proposals the company has received from J Stocks. Rather than cut and paste it, we have attached a pdf of the announcement here. 20160623 Industrial Multi Property – RNS About IMPT IMPT (formerly Alpha UK […]
Damille 2 has announced that, following the AGM held on 4 May 2016 where the continuation resolution failed to pass, the Directors now propose to commence an orderly realisation of the Company’s assets. This process is expected to take approximately 18 months. Capital will be returned by way of distributions to the Company’s shareholders. A […]
Hansa Trust, which has published results for the year ended 31 March 2016, says it has had a challenging year, particularly due to its exposure to the Brazilian market and the economic woes that Brazil continues to face. However, there have been a number of bright spots within the portfolio. The NAV has fallen from 1138.6p […]
The Brunner Investment Trust announced today that Lucy Macdonald, who has been co-managing Brunner since 2005, will become the manager of the Trust from 23 June 2016. This follows the departure of Jeremy Thomas who has been co-managing the Trust with Lucy since 2010. Lucy is Chief Investment Officer, Global Equities at Allianz Global investors […]
NewRiver Retail Limited has announced that it has completed the acquisition of Cuckoo Bridge Retail Park, Dumfries off-market from a large listed property company for a total consideration of GBP20.2 million. The acquisition equates to a net initial yield of 7.05%, an equivalent yield of 7.87% and a reversionary yield of 7.93%, with net rental income at […]
Utilico Emerging Markets recovered nearly all the losses it suffered in the first six months of the financial year and ended the year to 31 March 2016 almost unchanged at 202.52p. Based on a total return to an ordinary shareholder who received one subscription share for every five shares held, the total return on basic […]
