UK-listed property shares recovered some of their recent losses in October, with the average share price rising 1.8% after a difficult September. The recovery was relatively broad, with 32 of the 50 companies in our dataset recording gains and a median return of 1.1%. The improvement was particularly noticeable among some of the larger property […]

Home REIT (HOME) says the Financial Conduct Authority (FCA) has closed its investigation and intends to take no further action against the company that remains the subject of a Serious Fraud Office probe. The news come more than two-and-a-half years after the City regulator announced in February 2024 that it had begun an investigation into […]

LondonMetric Property (LMP) has exchanged on the sale of the first office it bought in the joint takeover of Picton Property Income with Schroder Real Estate (SREI) last month. The all-share bid brought in £307m of assets for LMP, 83% of which are in its core area of logistics warehouses, and £24m cash. In a […]

Primary Health Properties (PHP) is to release £500m of cash for debt repayment after forging a joint venture (JV) with Singaporean sovereign wealth fund GIC. The 50-50 strategic partnership will invest in private hospital infrastructure with PHP serving as property and asset manager.  PHP will seed the JV with its portfolio of 27 private hospitals […]

Workspace Group (WKP), the flexible office provider that in July beat off an attempt by activist Saba Capital to replace its board, says the additional £100m of disposals it identified in its defence strategy will not be achieved by its original timetable of March 2027. Charlie Green, the chief executive appointed eight months ago, said […]

A trading update from Schroder Real Estate (SREI) shows the real estate investment trust has completed nine new lettings over the past two months as its joint acquisition of Picton Property completed. Although SREI will not comment in detail on the impact of the £404m all-share bid with LondonMetric (LMP) that completed on 11 September […]

UK-listed property shares suffered another difficult month in September as stubborn inflation, elevated interest rates and renewed pressure on bond yields continued to weigh on the sector. The average share price fell 3% in September, excluding Abrdn European Logistics Income (ASLI), whose 36.4% decline reflected capital being returned to shareholders as part of its managed […]

Harcus Parker, the law firm representing 800 current and former Home REIT (HOME) shareholders, has issued High Court proceedings against the former homeless accommodation provider that returned from a 39-month share price suspension in April. Confirming the launch of legal action against Home REIT, its directors as well as the company’s former investment adviser Alvarium […]

Land Securities (LAND) has launched a £500m share issue to pay for the £516m acquisition of Metrocentre in Newcastle and a £100m consolidation of its retail portfolio.  The £4.7bn real estate investment trust is raising the money in a placing to institutional investors and offer to retail investors. The price of the new shares will […]

Target Healthcare REIT (THRL) has delivered its best annual financial performance since launching in 2013, helped by inflation-linked rental growth, rising property values and profitable asset sales. The specialist care home investor generated a total accounting return of 12.0% in the year to 30 June 2026, up from 9.3% last year. EPRA net tangible assets […]

Update: Simon Bennett, chair of Alternative Income REIT (AIRE), has resigned after Glenstone director Adam Smith returned to the real estate investment trust’s board after winning control of the company last week. Smith, who stepped down from the AIRE board in July as Glenstone’s bid grew increasingly hostile, returns as a non-executive director with Stephanie […]

Supermarket Income REIT (SUPR) has completed the deployment of the proceeds from its £100m July equity raise after acquiring six grocery properties for £104m. The acquisitions, combined with the £118m purchase of three supermarkets announced in July, take SUPR’s recent investment to £222m. The nine properties have been acquired at an average net initial yield […]

At AEW UK REIT’s AGM, there were big votes – around 20% – against the reelection of the directors. The board says “It is the company’s understanding that a significant proportion of these votes came from a single institution…. [and] that the votes were cast against potential participation in a corporate event.” In other words, […]

Literacy Capital (BOOK) is moving to the main market with effect from 11 September 2026. To comply with the listing rules – which require that the chairman of the company is independent – Paul Pindar is stepping down as chair, but will stay on as a non-independent non-executive director. Dawn Marriott, who joined the board […]

Sam Morse, who has been managing Fidelity European since 2011, has said that he intends to retire next year. Ahead of that, Alexander Laing will work alongside Sam and existing co-manager Marcel Stötzel, to ensure a smooth transition. The trust’s half-year returns (covering the first six months of 2026) lagged its benchmark, returning 6.4% in […]

Alternative Income REIT (AIRE) has agreed to extend the deadline for acceptances of Glenstone REIT’s cash offer after Glenstone indicated that it was close to satisfying the offer’s acceptance condition. However, AIRE’s board has stressed that this extension does not alter its view that the bid materially undervalues AIRE and is unanimously recommending that shareholders […]

UK-listed property shares gave back some of July’s gains in August, with the average share price falling 2.2%. Only a handful of companies recorded gains, with the median return a more modest 1.3% decline. The headline average is distorted by a number of large corporate actions. Residential Secure Income (RESI) fell 70.5% during the month […]

Glenstone has seen support for its £56m cash bid for Alternative Income REIT (AIRE) rise to over 44%, improving its chance of securing control by tomorrow’s 1pm deadline.  As of 6pm yesterday, on the 58th day of its its 70p per share offer, Glenstone said it had acceptances from over 35.7m AIRE shares, 44.4% of […]

Update: AEW UK REIT (AEWU) has withdrawn its all-share offer for Alternative Income REIT (AIRE) citing the opposition of Glenstone REIT, AIRE’s 25.4% shareholder and rival bidder, with the board of the target lashing out at its largest investor. “Following Glenstone’s public statement that it would not support an offer from AEWU and subsequent attempts […]

Glenstone, the 25.4% shareholder in Alternative Income REIT (AIRE), says it will resume its push for a managed wind-down of the real estate investment trust if its takeover offer fails, casting doubt on the “subscale” company’s dividend prospects.  With two weeks to go until the deadline for acceptances for its £56.3m cash offer, Glenstone REIT […]

Pershing Square Holdings (PSH) had a poor first half of 2026. In total return terms, the net asset value (NAV) of Bill Ackman’s US equities hedge fund fell by 12.6% and share price by 23.9% in a period where the S&P 500 index rose by 10.2%. An additional $100m buyback was authorised in May 2026 […]

Aberdeen Asia Focus (AAS) beat its benchmark by 29.4% over the five years to 31 July, passing the performance test that would otherwise have triggered a tender offer. The board says a new five-year performance test period began on 1 August. As before, if the trust fails to at least match its benchmark over this […]

UK-listed property stocks enjoyed another positive month in July, with the average share price rising 2.3%, and 34 of the 49 companies in our dataset recording gains. The median return was slightly stronger at 2.5%. The sector has now delivered three consecutive months of positive average returns, taking the three-month gain to 3.9%. However, the […]

There were no surprises in embattled Alternative Income REIT‘s (AIRE) latest quarterly update. A quarterly return of 0.4% reflects a small (£340k) reduction in the valuation of the portfolio, but all its properties are let and all the tenants are paying rent. The board remain adamant in their rejection of the Glenstone offer and remain […]

Tritax Big Box (BBOX) has raised £350m to fund two new data centres in Greater London after securing 235MW of grid connection agreements to power them. Launching the fund raise after the market closed last night, the £4.6bn real estate investment trust said the new developments would be “materially accretive” to earnings. However, the issue […]

Saba Capital has disclosed a stake of 5.1% in Unite Group (UTG), confirming reports last month that the activist hedge fund was building a position in the UK’s largest student accommodation provider. A filing today shows the US firm has just 0.08% in shares with 5% in total return swaps held across a range of […]

Target Healthcare (THRL) boss Kenneth MacKenzie says he is looking forward to Andy Burnham’s social care reforms after the new prime minister’s speech on the subject last week. MacKenzie, chief executive of Target Fund Managers, which runs the £1bn care home portfolio, said: “We note the prime minister’s recent social care plan speech and the […]

SEGRO (SGRO) has accepted the improved £14bn bid from Prologis offering the warehouse developer’s shareholders 258p cash per share and 0.0690 new Prologis shares per share. That maintains the same 1,054.3p per share Prologis offered on 22 July. Our view Richard Williams, senior analyst at QuotedData, said: “As expected, Prologis has firmed up its offer […]

LondonMetric (LMP) and Schroder Real Estate (SREI) have finalised their recommended all-share bid for Picton Property Income (PCTN). As announced in the revised offer this month, PCTN shareholders will receive 0.190 LMP and 0.894 SREI shares per PCTN share, currently worth 78.7p, an 8.2% discount to the net asset value at 30 June. The 20-year-old […]