Shaftesbury has published its results for the year ended 30 September 2016. Its EPRA NAV at the end of the period was GBP8.88 per share, an increase of 19p (2.2%). Portfolio capital value growth added 43p (4.9%) before a reduction of 24p as a result of early termination of debenture debt and interest rate swaps. EPRA […]
Sirius Real Estate says the six month period to 30 September 2016 has been a good one. The adjusted net asset value per share increased by 4.3 per cent to 55.62c. Total income increased by 25.9 per cent to EUR32.6 million and this led to adjusted earnings per share of 2.01c per share, up from 1.25c. A 1.39c interim dividend has […]
Empiric Student Property has entered into three forward funding arrangements with a Leicester-based property company to develop a total of 170 beds in Leicester across three properties for an aggregate investment of GBP15.975 million. 134 New Walk and 140-142 New Walk are located immediately to the west and east, respectively, of the Group’s recently acquired standing […]
Post the referendum, the asset value of TR Property was a significant beneficiary given the appreciation of our European assets when measured in Sterling. The Trust’s asset value rose 10.7%, ahead of the benchmark which recorded 9.7%. Whilst UK property shares fell -3.8% over the period, their UK physical portfolio held up relatively well with a […]
Hammerson plc and its partners in VIA Outlets, APG, Meyer Bergman and Value Retail, have signed an agreement to acquire, subject to regulatory clearance, four established outlet centres as part of its growth strategy in the European outlet market. The retail venues, located close to major cities in Germany, Portugal, Spain and Poland, represent total […]
LondonMetric Property has announced that it has acquired eight ‘last mile’ distribution warehouses for GBP39.9 million at a blended yield of 6.2% and with a WAULT of 9.0 years. Six of the distribution warehouses have been acquired from Helical plc for GBP26.0 million at a NIY of 6.5%. The 382,000 sq ft of warehouses are […]
LXB Retail is working to return cash to shareholders. They reported a fall in net asset value of 7.5p per share for the six months ended 30 September 2016, after adjusting for a return of capital of 38.0p per share in June 2016. The major constituents of this reduction are: losses caused by delays in the […]
Alpha Real Trust, talking about the six month period ended 30 September 2016 (which was a difficult one for many property companies), reports: Its NAV per share rose to 151.9p from 137.9p on 31 March 2016, an increase of 10.1% Adjusted earnings per share of 3.9p for the six months ended 30 September 2016 (3.0p: six months ended […]
New River Reit has announced results for the six months ended 30 September 2016. David Lockhart, Chief Executive commented: “I am pleased to report that NewRiver has again produced growing cash profits from its high quality and defensively positioned portfolio. We have a proven track record of generating secure income returns and delivering a growing […]
Trinity Capital says that its subsidiary, Trinity Capital Mauritius Limited, completed the realisation of its investments in Trinity Capital (One) Limited and Trinity Capital (Five) Limited on 15 November 2016. Disposal proceeds of GBP8.7 million were received by Trinity Capital Mauritius Limited. The only remaining investment is Trinity Capital (Ten) Limited, held together with Immobilien […]
