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This sector includes mortgage companies, property management companies and REITs


QuotedData’s morning briefing 26 October 2021

In QuotedData’s morning briefing 26 October 2021: Schroder BSC Social Impact (SBSI)’s first results, covering the period from launch to 30 June 2021, show an NAV return of 6.09%. There’s a first dividend of 0.57p per share. All of the IPO proceeds have been committed and, at 30 June, two-thirds had been deployed into 23 […]

25 Oct 2021

Urban Logistics REIT plans main market move

Urban Logistics REIT has announced plans to move to the premium segment of the main market of the London Stock Exchange. The directors said they believed that the market capitalisation of the company (£550m) now justifies the move and that it would provide the most appropriate market listing for the continuing growth of the company. […]

22 Oct 2021

QD view – LABS launch should get lift-off

The remarkable response to the COVID-19 pandemic by the UK life sciences sector, with the development of the Oxford-AstraZeneca vaccine in record quick time, brought the sector into the consciousness of the masses. In truth, UK life sciences has been a budding sector for years, with four of the top 10 universities in the world […]

22 Oct 2021

QD view – busy boards

I have long thought that one of the great strengths of the investment companies sector is the boards of independent directors working on investors’ behalf to keep managers and other service providers in check, keep a lid on overheads and ensuring that shareholders are treated fairly. While not every investment company is a shining example […]

22 Oct 2021

Tritax EuroBox buys in Germany

Tritax EuroBox has acquired a logistics asset in the Rhine-Ruhr region of Germany for €32m, as it sets about deploying the proceeds of its recent equity raise. The asset, located in Gelsenkirchen, has a total gross internal area of 16,632 sqm and comprises three purpose-built logistics facilities located in the heart of the prime logistics […]

21 Oct 2021

Life Sciences REIT prospectus published

Life Sciences REIT has published its prospectus You can access this here Application forms are towards the back of the document. Access to the IPO is restricted by geography. In particular, you should not be accessing this from the USA. Please ensure that you read the prospectus including the risk warnings before making an investment. previous […]

21 Oct 2021

QuotedData’s morning briefing 21 October 2021

In QuotedData’s morning briefing 21 October 2021: Custodian REIT (CREI) has bought a 28,601 sq ft industrial unit on Clifton Moor Industrial Estate, York, adjacent to York’s northern bypass which connects to both the A1(M) and M62. The unit is occupied by Menzies Distribution Limited with a weighted average unexpired term to first break or […]

20 Oct 2021

Urban Logistics REIT splashes £15m on two more assets

Urban Logistics REIT has acquired two assets for £15.1m at a 6.0% net initial yield (NIY). The assets include one income producing asset providing immediate additional revenue, and a forward funding development project. Around £50m of further investments are in advanced stages of contractual progress and are expected to be completed in the near term […]

20 Oct 2021

Target Healthcare REIT delivers 8.8% NAV total return

Target Healthcare REIT, the care homes investor, delivered a net asset value (NAV) total return for the year ended 30 June 2021 of 8.8%. EPRA net tangible assets (NTA) was up 2.1% to 110.4p per share, while the group paid out dividends of 6.72p. The dividend (which was up 0.6% on 2020) was not fully […]

20 Oct 2021

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 […]

19 Oct 2021

Life sciences REIT looks to raise £300m in IPO

A new real estate investment trust (REIT) focused on the life science laboratories is looking to raise £300m in an initial public offering (IPO). Life Science REIT has announced its intention to launch on the Alternative Investment Market (AIM) of the London Stock Exchange through a placing, offer for subscription and intermediaries offer targeting the […]

19 Oct 2021

QuotedData’s morning briefing 19 October 2021

In QuotedData’s morning briefing 19 October 2021: Augmentum Fintech (AUGM) is making a £10m investment into Zopa as part of that company’s latest funding round of £220m. The funding round is being led by SoftBank Vision Fund 2 with participation from Chimera Abu Dhabi, and is conditional on regulatory approval. Augmentum is investing alongside other […]

18 Oct 2021

Home REIT adds 366 properties to portfolio with £166.4m buy

Home REIT has deployed £166.4m of the proceeds raised in its £350m equity issue less than a month ago. The company has acquired 23 portfolios comprising 366 properties located across England and Wales and added a further 1,850 beds to the portfolio, bringing the total to 1,077 properties and just under 5,700 beds. The acquisitions […]

18 Oct 2021

QuotedData’s morning briefing 18 October 2021

In QuotedData’s morning briefing 18 October 2021: LondonMetric Property has bought two last mile logistics assets in Fulham and Tottenham for a combined purchase price of £20.2m. The assets total 44,000 sq ft and have been acquired with vacant possession in two separate transactions. LondonMetric will refurbish both properties at a cost of £1.4m which, once […]

15 Oct 2021

QD view – rental market revs up

Investors looking for fresh ideas on where to invest their allocation to real estate could do worse than look at the nascent private rented sector (PRS) in the UK. PRS as an asset class is still at an embryonic stage in the UK (huge in the US and Germany) due to the hardened home ownership […]

14 Oct 2021

Capital & Regional restructures debt and launches open offer

Capital & Regional, the shopping centre REIT, has reached an agreement with its lenders to restructure and reduce the debt secured over four of its mall assets, including the launch of a fully underwritten open offer to raise £30m. The facility currently comprises a £265m debt with RBS and TIAA secured over the four mall […]

14 Oct 2021

Grainger acquires London residential scheme for £141m

Grainger has exchanged conditional contracts to forward fund and acquire Merrick Place, a build-to-rent development scheme in Southall, west London, for £141m. Proceeds from Grainger’s recent equity placing will be used to acquire the 401 home development. Located adjacent to Southall Station, which includes the new Crossrail station, Merrick Place will also comprise 18,116 sq […]

14 Oct 2021

QuotedData’s morning briefing 14 October 2021

In QuotedData’s morning briefing 14 October 2021: Downing Renewables & Infrastructure Trust (DORE) raised £14.87m from its placing and the PrimaryBid offer, almost all of which came from the placing. The investment manager is also currently exploring options to optimise the existing capital structure, including the inception of a revolving credit facility. At 30 September […]

12 Oct 2021

PRS REIT reports strong progress

PRS REIT has reported significant progress in the delivery of private rented housing portfolio in full year results. The group almost doubled the number of homes in its portfolio in the year to 30 June 2021, from 2,082 to 3,984. In the quarter to 30 September 2021 it has added a further 307, bringing the […]

12 Oct 2021

QuotedData’s morning briefing 12 October 2021

In QuotedData’s morning briefing 12 October 2021: Shareholders approved the liquidation of St Peter Port Capital (SPPC) yesterday. The company was launched in April 2007 to invest in pre-IPO companies but was caught holding a lot of resource companies that didn’t IPO when expected. Partners Group says that its funds, including Princess Private Equity (PEY), […]

11 Oct 2021

Civitas publishes rebuttal to short-seller allegations

Civitas Social Housing (CSH) has published a full response to short-seller criticisms that has led to a 25% fall in the group’s share price. ShadowFall, an investor that sells stock in companies it doesn’t own and then publishes negative research on them with the aim of buying back the shares at a cheaper price, published […]

07 Oct 2021

QuotedData’s morning briefing 7 October 2021

In QuotedData’s morning briefing 7 October 2021: JZ Capital Partners has agreed with its existing senior lenders to borrow a further amount of $16.0m under its senior secured debt facility. This is a ‘first out loan’ which means it gets repaid first as the company frees up cash from its portfolio. The interest rate is […]

05 Oct 2021

QuotedData’s morning briefing 5 October 2021

In QuotedData’s morning briefing 5 October 2021: Following shareholder approval, BioPharma Credit (BPCR) is transferring to a listing on the Official List of the Financial Conduct Authority and to trading on the Premium Segment of London Stock Exchange’s Main Market. It has also created a sterling line of stock – ticker BPCP – which will […]

04 Oct 2021

Schroders and SEGRO swap property

Schroders and SEGRO swap property – SEGRO and Schroders have completed a property swap transaction in which SEGRO has acquired from Schroders a 256,000 sq ft urban warehouse estate in West London for £140m and Schroders has acquired from SEGRO a portfolio of UK big box and urban assets totalling 880,000 sq ft for £205m. The […]

01 Oct 2021

QD view – time to back retail recovery?

With the re-opening of the economy seeing consumers return to physical retail and the important role stores play in omnichannel retail strategies becoming more apparent, is now the time to look at retail again? Pricing has already started to recover in the retail park segment of the market (where investor appetite is strong for reasons […]

30 Sep 2021

Alternative Income REIT posts 2.4% NAV uplift

Alternative Income REIT (AIRE) has reported a 2.4% uplift in net asset value (NAV) in full year results to the end of June 2021. NAV increased to 85.58p per share (from 83.58p) thanks to a 4.3% uplift in the valuation of its long-income property portfolio to £109.23m. EPRA earnings for the year were 5.55p per […]

30 Sep 2021

QuotedData’s morning briefing 30 September 2021

In QuotedData’s morning briefing 30 September 2021: International Public Partnerships (INPP) says its £40m investment in the Rampion OFTO project looks likely to complete in November after Ofgem approved it on Tuesday. The project relates to the transmission cable connection to the Rampion offshore wind farm located 13km off the Sussex coast. The wind farm […]

29 Sep 2021

ASLI raises £125m in oversubscribed issue

Aberdeen Standard European Logistics Income (ASLI) has raised £125m in a significantly oversubscribed issue. A total of 114.7 million new shares will be issued at a price of 109.0p. The board said despite the oversubscription, a scaling back exercise had to be undertaken with investor demand substantially exceeding £125m. Tony Roper, chairman, said: “The very […]

28 Sep 2021

QuotedData’s morning briefing 28 September 2021

In QuotedData’s morning briefing 28 September 2021: Over the six months ended 31 July 2021, North American Income Trust (NAIT) beat its benchmark by 2.2%, producing a return on NAV of 19.8% against 17.6% for the Russell 1000 Index. The statement says that “This was mainly attributable to the positioning in the technology sector, as […]

24 Sep 2021

QD view – HOME run and a strike out?

Normally the dull end of the real estate world (meant in the nicest possible way), the social housing real estate investment trust (REIT) sector has thrown up two of the biggest pieces of news this week – Civitas Social Housing (CSH) coming under attack from a short seller and Home REIT (HOME) raising £350m in […]

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