Big Yellow : BYG

Research History

• 26 Apr 2024 8 min read

  QuotedData’s Real Estate Quarterly Review – First Quarter 2024

  Real estate quarterly report Desperately seeking a catalyst The real estate investment trust (REIT) and listed property sector seems to have been cut adrift and is desperately seeking a positive macroeconomic outlook on which investors can hang their hat and from which sentiment can grow. The first quarter of 2024 started as 2023 left off […]

• 11 Mar 2024 12 min read

  QuotedData’s Real Estate Monthly Roundup – March 2024

  Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was another month of disappointing share price performance for the real estate sector, as the timing of the fabled interest rate cuts that could kick start a recovery in the sector remains unclear […]

• 22 Jan 2024 10 min read

  QuotedData’s Real Estate Annual Review – 2023

  Real Estate Annual Review Kindly sponsored by abrdn Things can only get better The real estate sector endured a tough 2023, with much of the year characterised by falling values amid the high interest rate landscape. Values have since stabilised across sub-sectors. Optimism returned in the final couple of months of the year, on promising […]

• 13 Dec 2023 15 min read

  QuotedData’s Real Estate Monthly Roundup – December 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Property stocks bounced back in November after a difficult few months, with the median share price across the sector up 8.2%. Investor sentiment towards the sector improved as hopes that interest rates have hit […]

• 17 Nov 2023 11 min read

  QuotedData’s Real Estate Monthly Roundup – November 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data October’s biggest movers in price terms are shown in the charts below. October was another difficult month for property companies, with only a handful of positive moves and the median share price across the sector down 4.7%. Although not reflected in the data here, the Bank […]

• 17 Oct 2023 8 min read

  QuotedData’s Real Estate Quarterly Review – Third Quarter 2023

  Real estate quarterly report Kindly sponsored by abrdn Chinks of light It has been another quarter of pain for real estate investment trusts (REITs) and listed property companies, with share price weakness continuing and average falls of 13.7% across the sector (as shown in the chart to the right). There are chinks of light appearing […]

• 13 Oct 2023 12 min read

  QuotedData’s Real Estate Monthly Roundup – October 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data September’s biggest movers in price terms are shown in the charts below. Investor sentiment towards property stocks continues to wane, with the median share price of REITs and listed property companies down another 2.4% over the month of September – and 14.8% in the year to […]

• 25 Apr 2023 8 min read

  QuotedData’s Real Estate Quarterly Review – First Quarter 2023

  Real estate quarterly report Kindly sponsored by abrdn Headwinds mount up The headwinds facing commercial real estate continued to mount up in the first quarter of 2023, reflected in an 8.9% average share price fall across the sector. Already reeling from the impact of higher interest rates on valuations, the collapse of Silicon Valley Bank […]

• 24 Jan 2023 10 min read

  QuotedData’s Real Estate Annual Review – 2022

  Real Estate Annual Review Kindly sponsored by abrdn The year the rug was pulled out 2022 will be remembered as the year that the rug was pulled from under the property sector. Having benefitted from decades of low interest rates, which had fuelled debt-ladened deals and piqued the appetite of global investors looking for more […]

• 05 Jan 2023 11 min read

  QuotedData’s Real Estate Monthly Roundup – January 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data December’s biggest movers in price terms are shown in the charts below. 2022 ended with another difficult month for property companies as the sector continues to get to grips with the impact of higher interest rates. There were several funds that performed well during December, however. […]

• 15 Jul 2022 8 min read

  QuotedData’s Real Estate Quarterly Review – Second Quarter 2022

  Real Estate Quarterly Review Kindly sponsored by abrdn Storm clouds gather Fears that a perfect storm is brewing has weighed on the real estate sector. Central banks’ move to raise interest rates to curb spiralling inflation has stoked concerns that investors will turn away from real estate to less risky alternatives, such as bonds. Meanwhile […]

• 07 Jul 2022 15 min read

  QuotedData’s Real Estate Roundup – July 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data June’s biggest movers in price terms are shown in the charts below. There were only a handful of property companies that saw share price growth in the month of June as interest rate rises and concerns of an impending recession took hold. Top of the list […]

• 10 Jun 2022 16 min read

  QuotedData’s Real Estate Roundup – June 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data May’s biggest movers in price terms are shown in the charts below. A perpetual theme in the listed property sector over the last few years has been the persistent discount to net asset value that many companies’ share prices have traded on. Some have succumbed to […]

• 06 May 2022 9 min read

  QuotedData’s Real Estate Roundup – May 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data April’s biggest movers in price terms are shown in the charts below. Fears of a looming recession meant April was a difficult month for property stocks generally. There were a few positive performers in share price terms, however. Leading the way was London office landlord and […]

• 12 Apr 2022 7 min read

  QuotedData’s Real Estate Quarterly Review – First Quarter 2022

  Real Estate Quarterly Review Kindly sponsored by Abrdn Value to be found in topsy-turvy market The first three months of 2022 have been full of significant events. Investor caution followed Russia’s invasion of Ukraine and put paid to a London-listed property company with a portfolio of Russian assets (see page 6 for details). The cost-of-living crisis […]

• 04 Feb 2022 7 min read

  QuotedData’s Real Estate Roundup – February 2022

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the charts below. Perhaps reflecting optimism around the strength of the economy coming out of COVID restrictions, a shift to value stocks was triggered in January, with property generalists and retail-focused companies the beneficiaries. Hammerson […]

• 24 Jan 2022 10 min read

  QuotedData’s Real Estate Annual Review – 2021

  Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Bouncebackability Over the course of 2021, the property sector certainly rebounded from the depths of the pandemic-induced slumps of 2020, with the average share price of listed property companies up 14.2%. That didn’t mean there were not some ups and downs along the way. The […]

• 06 Dec 2021 13 min read

  QuotedData’s Real Estate Roundup – December 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the charts below. November ended under a cloud of uncertainty, with the discovery of the Omicron coronavirus variant threating a return of restrictions that have wreaked havoc in the property sector over the past two […]

• 08 Nov 2021 8 min read

  QuotedData’s Real Estate Roundup – November 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data October’s biggest movers in price terms are shown in the chart below. The best performing real estate funds in October were mainly sector specialists, however, the property generalists had a good month too, led by BMO Real Estate Investments. The company saw its share […]

• 06 Aug 2021 10 min read

  QuotedData’s Real Estate Roundup – August 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. It was no surprise that GCP Student Living topped the table for best performing property companies in July after it received a takeover bid 30% above its share price during the month. […]

• 15 Jul 2021 8 min read

  QuotedData’s Real Estate Quarterly Review – second quarter 2021

  Value hunters boost property The easing of lockdown restrictions throughout the quarter saw property companies stage somewhat of a comeback from the depths of the pandemic, despite ‘freedom day’ being delayed into July. The potential for an economic bounce in the second half of the year is growing and generalist real estate investment trusts (REITs), […]

• 09 Jul 2021 10 min read

  QuotedData’s Real Estate Roundup – July 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. In a month when Boris Johnson announced the easing of restrictions would be pushed back as COVID cases rose, only a handful of property companies saw share price gains. Topping the list […]

• 07 Jun 2021 14 min read

  QuotedData’s Real Estate Roundup – June 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data May’s biggest movers in price terms are shown in the chart below. Unsurprisingly, St Modwen Properties saw a big rise in its share price in May having received a cash offer for the business (logistics developments and a housebuilding arm) from Blackstone, valuing it […]

• 14 Jan 2021 9 min read

  QuotedData’s Real Estate Roundup – January 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data December’s biggest movers in price terms are shown in the chart below. The boost of coming out of the second national lockdown in early December was short lived as Christmas was cancelled for most of the UK with COVID-19 cases spiking. It did little […]

• 16 Jul 2020 7 min read

  QuotedData’s Real Estate Quarterly Review – Q2 2020

  Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments  A polarised lens The covid-19 pandemic continued to wreak havoc in the real estate in the second quarter, but a polarisation of sectors and funds has started to become apparent. Companies focused on the retail, leisure and hospitality property sectors had already seen huge negative […]

• 07 Jul 2020 12 min read

  QuotedData’s Real Estate Roundup – July 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]

• 07 May 2020 11 min read

  QuotedData’s Real Estate Roundup – May 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data April’s biggest movers in price terms are shown in the chart below. Following two months of heavy falls as the covid-19 pandemic took hold and the UK was put on lockdown, many property companies saw a bounce in their share price in April, although […]

• 30 Jan 2020 12 min read

  QuotedData’s Real Estate Annual Review – 2019

   Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]

• 02 Oct 2019 11 min read

  QuotedData’s Real Estate Roundup – October 2019

  Real Estate Roundup  Performance data September’s biggest movers in price terms are shown in the chart below. The month of September was a bumper month for many property companies’ share price, dominated by retail focused companies, who in general have taken a hammering over the past 18 months or so. Top of the list was […]

• 18 Sep 2019 7 min read

  QuotedData’s Real Estate Roundup – September 2019

  Real Estate Roundup  Performance data August’s biggest movers in price terms are shown in the chart below. The month of August has traditionally been a quiet period for news and announcements in the property sector, and this year is no different. Central London landlord Shaftesbury, which owns Carnaby Street as well as huge swathes of […]

• 14 Jun 2017 1 min read

  QuotedData’s economic round up – June 2017

  QuotedData’s economic round up – June 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]

News

• 11 Sep 2024 1 min read

  QuotedData’s morning briefing 11 September 2024 – DNE, GSEO, BYG

  In QuotedData’s morning briefing 11 September 2024: Dunedin Enterprise Investment Trust (DNE) announced its interim results for the half year ended 30 June 2024. The company delivered a NAV total return of 2.1% while shares rose 1.8%. Since the company’s managed wind-down was approved by shareholders in 2016 it has distributed £147m to shareholders and […]

• 19 Dec 2023 2 min read

  QuotedData’s morning briefing 19 December 2023 – AIRE, BYG, CTPE, GSF, JGC

  In QuotedData’s morning briefing 19 December 2023: Alternative Income REIT (AIRE) has completed the acquisition of a Virgin Active leisure club in Streatham, in South-West London for £5.1m. The price reflects a net initial yield of 9.8% and a discount to replacement cost. The acquisition of the asset redeploys the majority of the net proceeds […]

• 11 Oct 2023 1 min read

  Big Yellow Group raises £110m for new developments

  Big Yellow Group has raised £110m in a placing, which it will use to out its existing development pipeline of self-storage sites. A total of 11,470,212 new ordinary shares have been placed at a price of 945 pence, and with existing and new institutional investors raising £108.4m, the executive directors participated to the tune of 301,586 shares and £2.85m. Concurrently with the […]

• 29 Aug 2023 1 min read

  QuotedData’s morning briefing 29 August 2023 – BOOK, HGEN, JADE, BYG

  Literacy Capital (BOOK) is pleased to announce that it has sold an unspecified asset in full, generating a strong return for shareholders and a substantial amount of cash, which will ultimately fund future investments. The company highlighted that this was one of its largest assets, which was sold at a >50% premium to carrying value. […]

• 23 May 2022 2 min read

  QuotedData’s morning briefing 23 May 2022

  In QuotedData’s morning briefing 23 May 2022: Pantheon Infrastructure (PINT) has invested approximately $46.1m (£37m) in Cartier Energy, a district energy platform in the US. The business is made up of eight district energy systems located across the Northeast, Mid-Atlantic and Midwest and provides diversified energy services such as heat (steam, hot water), cooling (chilled […]

• 20 Oct 2021 2 min read

  QuotedData’s morning briefing 20 October 2021

  In QuotedData’s morning briefing 20 October 2021, it is very busy for a Wednesday: Drum Income REIT (DRIP)’s shareholders have overwhelmingly approved the absorption of the trust into Custodian REIT. Court approval for the scheme is expected on 1 November; Drum’s shares will be suspended on 3 November and delisted on 4 November; and the […]

• 27 Apr 2021 1 min read

  QuotedData’s morning briefing 27 April 2021

  In QuotedData’s morning briefing 27 April 2021: Civitas (CSH) has completed the purchase of 15 supported care and living facilities in South Wales for £10.9m. The portfolio provides 51 beds and long-term support for individuals with learning disabilities and mental health care needs along with dedicated facilities to develop and enhance independent living skills, such as […]

• 30 Mar 2021 1 min read

  QuotedData’s morning briefing 30 March 2021

  In QuotedData’s morning briefing 30 March 2021: Big Yellow has acquired a prime 0.8 acre site in Epsom, South West London for £6.5m. It will be seeking planning permission for a 56,000 sq ft self storage centre on the site. This acquisition takes the number of stores in the group’s pipeline to 13, of which eight have […]

• 09 Jun 2020 1 min read

  Big Yellow Group grows revenue by 3.1%

  Self-storage specialist Big Yellow Group has posted a 3.1% rise in revenue for the year to the end of March 2020. The group, which has remained operational during the covid-19 pandemic, reported revenue of £129.3m in the year (2019: £125.4m). The increase was mainly due to a 2.7% year-on-year rise in its average rent. Occupancy, […]

• 21 Apr 2020 1 min read

  QuotedData’s morning briefing 21 April 2020

  In QuotedData’s morning briefing 21 April 2020, as US oil prices go negative for the first time: Yesterday Big Yellow announced plans to raise up to £80m via a placing of shares. It wants the money to buy land to expand its portfolio. It has 13 development sites, three of which are soon to complete (adding […]

• 16 Apr 2020 1 min read

  Big Yellow Group reports robust trading during covid-19 lockdown

  Self-storage specialist Big Yellow Group has reported relatively robust trading during the covid-19 pandemic. The group said it saw heightened levels of activity both in and out of the business in the last two weeks in March. It recorded a net overall loss of 23,000 sq ft in occupancy in the two-week period. It said customer move-ins […]

• 26 Mar 2020 2 min read

  Big Yellow Group reports drop-off in occupancy due to covid-19

  Self-storage giant Big Yellow Group (BYG) has reported a drop-off in occupancy as a result of covid-19. The company said current like-for-like occupancy across its portfolio is 81.6% across 56,000 customers. In half-year results to the end of September 2019, like-for-like occupancy was 84.1%. The group said it had seen an increase in demand from […]

• 29 Jul 2019 1 min read

  QuotedData’s other news 29 July 2019

  In QuotedData’s other news 29 July 2019 F&C Investment Trust is 2% behind its benchmark at the half-year stage with a return of 14.4% against 16.4% for the All-Share index. Returns were held back by the private equity investments, which returned -1.4%. The first interim dividend is 2.9p. RDI REIT has secured a number of significant […]

• 28 Jun 2019 2 min read

  QuotedData’s other news 28 June 2019

  In QuotedData’s other news 28 June 2019 Origo Partners results to end December 2018 (ancient history now) show its NAV halving from 3.9 cents to 1.8 cents, down to: – (i) write offs of the company’s investments in Celadon, Gobi Coal, Staur Aqua, Fram, Six Waves, and Unipower; (ii) realised losses from the company’s sale of its […]

• 21 May 2019 1 min read

  QuotedData’s other news 21 May 2019

  Warehouse REIT (WHR) had a strong year to 31 March 2019. In it’s preliminary results announcement this morning, the company reported a 7,4% increase in EPRA NAV per share. The portfolio performed well as tenant demand remained strong despite current political and economic uncertainties, while supply of space remained constrained, with capital values generally below replacement […]

• 22 Nov 2016 2 min read

  Big Yellow NAV up 4% at end September

  Big Yellow says its adjusted net asset value at the end of September 2016 was 594.1 pence per share, up 4% from 569.1 pence per share at 31 March 2016.  The Group made an adjusted profit before tax in the period of GBP27.0 million, up 13% from GBP23.9 million for the same period last year. […]

• 24 May 2016 2 min read

  Big Yellow targeting 85% occupancy

  Over the year to the end of March 2016, Big Yellow’s EPRA NAV rose by 11.5% to 569.1p. Its adjusted diluted EPRA earnings per share were up 15% to 31.1p and from this they are paying dividends totalling 24.9p for the year, an increase of 15%. The increase in profits was driven in part by […]

• 17 Nov 2015 1 min read

  Big Yellow boosted by higher occupancy and rent per square foot

  Big Yellow’s interims for the six months ended 30 September 2015 show its EPRA net assets per share rising from 481.1p to 505.9p. EPRA earnings per share (adjusted and diluted) rose by 16% to 15.1p. The interim dividend is being hiked by the same amount from 10.4p to 12.1p. Earnings were boosted by higher occupancy – up from 73.5% […]

• 19 May 2015 1 min read

  Big Yellow achieves 30%+ growth in earnings and dividends

  Big Yellow has announced results for the year ended 31 March 2015. Over the period, the adjusted net asset value rose by 14%, adjusted profit before tax rose by 35%, the EPRA earnings per share rose by 32% to 27.1p and the total dividend for the year was increased from 16.4p to 21.7p (+32%). Big Yellow […]

• 19 Aug 2014 1 min read

  Big Yellow reduces the cost of its debt financing

  BYG : Big Yellow reduces the cost of its debt financing Big Yellow Group has announced that it has completed the refinancing of its existing bank facilities. This will lead to both a lower average cost of debt (from 4.6% to 3.7%) and an increased average unexpired term of its debt facilities to 7.8 years. Key features […]

• 20 May 2014 1 min read

  Big Yellow : BYG – annual results

  Big Yellow has released its results for the year ended 31 March 2014. The net asset value grew from 419.2p to 446.5p (7% uplift). The dividend was raised by a significant margin – from 11.0p to 16.4p, an uplift of 49%. Occupancy rose to 69.8% from 64.8% and average rents rose by 6%. Gearing fell […]

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