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 […]

Half-year results from SEGRO (SGRO) underline why US industrial real estate investment trust Prologis is keen to buy the European warehouse and data centre developer. SEGRO, which last week said it was minded to accept an improved £14bn shares and cash offer from Prologis, lifted its interim dividend by 4.5% to 10.14p per share after […]

Unite (UTG), the UK’s biggest student accommodation provider, is to pull out of nine cities in the next two years as the real estate investment trust reorganises its portfolio around the country’s 20 strongest universities.  Under pressure after a 45% share price slump since unveiling its £634m top-of-the-market acquisition of Empiric Student Property last summer, […]

Shares in CEIBA Investments (CBA) have been suspended after the £48m Cuban commercial property fund fell foul of recently strengthened US sanctions against the Caribbean island. In a statement on Friday afternoon, CEIBA, an investor in Cuba’s hotel and tourism sector, warned of the “severe immediate implications” of being placed on the US Department of […]

Home REIT (HOME) is facing further litigation from a commercial dispute with its former financial adviser, Smith Square Partners, which is seeking £1.62m plus interest and costs over an alleged unpaid contractual fee linked to the company’s portfolio disposal programme. Smith Square, which was appointed in February 2023 following the resignation of Home REIT’s brokers […]

Shareholders of Workspace Group (WKP) overwhelmingly voted in favour of the re-election of its current board members at its annual general meeting (AGM) today, and against the appointment of Saba’s nominees. Excluding the shares voted by Saba, which is Workspace’s largest shareholder with a 29.1% holding, the lowest number of votes cast in favour of […]

There were big votes against the re-election of two HICL Infrastructure (HICL) directors at yesterday’s AGM. A total of 247.1m shares (20.3% of those voting) were cast against the re-election of senior independent director Frances Davies and 280.6m (23.1% of those voting) against the re-election of the chair Mike Bane. QuotedData’s James Carthew said: “It […]

Prologis has raised its takeover proposal for SEGRO (SGRO), submitting what it described as its “best and final” offer valuing the UK logistics property company at around £14bn while asking for more time to negotiate a recommended deal. The revised proposal increases the share exchange ratio to 0.0920 new Prologis shares for each SEGRO share […]

River UK Micro Cap (RMMC) says its fund manager George Ensor has resigned. He will continue to manage the portfolio “while arrangements are made for a suitable successor or alternative management structure to be implemented”. The board is reviewing its options. QuotedData’s James Carthew said “George has done a great job for shareholders in a […]