Schroder REIT reported its strongest annual results since 2022, with a NAV total return of 11.0% over the 12 months to 31 March 2025. A 3.4% uplift in the value of its portfolio to £480.0m contributed to a 4.8% increase in NAV to 61.6p per share. With dividends of 3.48p, which were up 4% on […]
A strong rebound in valuations in the multi-let industrial sector saw Warehouse REIT post a 2.9% uplift in EPRA net tangible assets (NTA) to 128.0p in annual results to 31 March 2025. This comes after the company last week recommended a reduced cash offer for the company from Blackstone at 109.0p. [QD comment: That now […]
Oakley Capital Investments (OCI) has announced that Oakley Capital Fund VI has acquired a majority stake in G3, a global strategic advisory consultancy. G3 advises clients on strategic risk, reputation, cyber and disputes, serving a global client base that includes major private equity funds, corporates and law firms. Headquartered in London, G3 also operates in […]
The bidding war for Assura has taken another turn, with Kohlberg Kravis Roberts and Stonepeak Partners tabling an improved offer. Under the terms of the ‘best and final’ offer, which has been recommended by Assura’s board, Assura shareholders will receive 50.42p in cash plus retain two quarterly interim dividend of 0.84p (one paid on 9 […]
TR Property (TRY) has reported full-year results to 31 March 2025, during which it delivered a NAV total return of -2.5%, outperforming its benchmark’s -3.8% decline. While the first half of the year was supported by narrowing credit spreads and improving sentiment, the second half was challenged by rising bond yields, geopolitical turbulence, and renewed […]
Value and Indexed Property Income Trust (VIP) has reported its annual results for the year ended 31 March 2025, a period defined by its strategic evolution into a pure-play UK commercial property vehicle and its formal conversion into a UK Real Estate Investment Trust (REIT), effective from 1 April 2025. The move marks the culmination […]
Worldwide Healthcare Trust (WWH) has reported a disappointing year to 31 March 2025, with a net asset value (NAV) total return of -10.3%, compared to a -3.2% return from its benchmark, the MSCI World Health Care Index (sterling adjusted). The trust’s share price fell by -11.2% over the same period, with the discount to NAV […]
In QuotedData’s morning briefing 11 June 2025: SDCL Efficiency Income’s Onyx Renewable Partners has secured a new debt facility that will allow it to fund its near term pipeline and we have interim results from TwentyFour Select Monthly Income. We also have: Stories you may have missed from yesterday:
AEW UK REIT has purchased Freemans Leisure Park, an 8.4-acre freehold site in the centre of Leicester, for £11.15m. The purchase price reflects an attractive net initial yield of 10.6% and a capital value of £103 per sq ft. The property, which totals 108,771 sq ft across five units along with service yards and 582 car parking spaces, […]
Fidelity China Special Situations has announced results covering the year ended 31 March 2025. Over that period, the NAV return was 31.5%, lagging the MSCI China Index which returned 37.5%. The share price return was 35.8%, helped by a narrowing of the discount from 10.5% to 7.2%. 30,841,184 shares (5.9% of the company) were bought […]
In QuotedData’s morning briefing 10 June 2025: VinaCapital Vietnam Opportunity makes a disposal, RM Infrastructure Income is having a tender offer, and Pantheon Infrastructure has a new director. We also have: Did you see yesterday?
Templeton Emerging Markets (TEM) has released its annual results for the 12 months to 31 March 2025, posting an NAV total return of 8.8%, comfortably ahead of the MSCI Emerging Markets Index, which returned 5.8% over the same period. The trust’s share price rose 13.3% on a total return basis, helping to narrow the discount […]
In QuotedData’s morning briefing 9 June 2025, We also have: Stories you may have missed from Friday
‘Reports of my demise have been greatly exaggerated’ – so the famous Mark Twain quote goes. If office skyscrapers could talk, one could imagine these words echoing around central London. Having been on life support in the aftermath of Covid, best-in-class London offices have staged a remarkable recovery. A clean bill of health is alluding […]
Asset Value Investors (AVI), manager of AVI Global Trust, has published an open letter to the Supervisory Board of Gerresheimer AG, urging urgent action to restore shareholder value following a string of profit warnings and a sharp deterioration in market confidence. AVI, which owns a 3.5% stake in Gerresheimer through AVI Global Trust (1.2m shares), […]
Apax Global Alpha (AGA) has announced it expects to invest an additional c.€3m indirectly into WGSN, the consumer trend forecasting platform, following its acquisition of IWSR, a global provider of data and insights for the beverage alcohol industry. The acquisition was completed on 5 June 2025 by WGSN, a portfolio company of the Apax XI […]
In QuotedData’s morning briefing 6 June 2025, we have interim results from both abrdn Diversified Income and Growth and Barings Emerging EMEA Opportunities; a change in director responsibilities for Downing Renewables & Infrastructure; and circulars from Henderson Smaller Companies and JPMorgan Indian. We also have: Stories you may have missed from yesterday:
Head of Baillie Gifford’s Global Marketing, James Budden, argues that the investment trust sector is alive and well, especially for those who capitalise on discounts and their structural advantages. As with any investment, capital is at risk. Mark Twain famously said that reports of his death were an exaggeration. This line could have been applied […]
Student accommodation specialist Unite Group has tabled an offer for its smaller peer Empiric Student Property. Following media speculation, the board of Empiric confirmed that it received a non-binding proposal from Unite on 7 May and following a period of engagement received a revised offer on 29 May. That offer comprises 30p in cash and […]
Unite Students has sold a portfolio of nine student accommodation properties, comprising 3,656 beds, for £212m (Unite share: £140m) to an affiliate of Lone Star Funds. The disposal is part of the group’s strategy to increase alignment to high and mid-ranked universities and properties with the strongest prospects for sustainable long-term rental growth. The disposal […]
Workspace has outlined plans to boost demand for its flexible offices after reporting a decline in valuations across its portfolio in annual results to 31 March 2025. A disappointing year for the company saw the value of its portfolio fall 2.4% to £2,368m (-1.6% on a like-for-like basis). ERV was up just 1.0%, not enough […]
Portfolio Update ICEYE demonstrates huge strategic growth and momentum across global markets ICEYE continued to expand its global presence and strengthen its position as a leader in Synthetic Aperture Radar (SAR) satellite technology. Developments during May 2025 underscore the company’s growing role in defence, national security and commercial Earth observation: · Japan: In Japan, ICEYE and IHI […]
In QuotedData’s morning briefing 5 June 2025: Lindsell Train has a new director, JPMorgan Emerging Markets is concerned about its discount, and Cobalt Holdings has pulled its IPO. We also have Did you see from yesterday?
Warehouse REIT and Blackstone have agreed the terms of a recommended cash acquisition of Warehouse by the US private equity giant. Under the deal, shareholders would get 110.6p per share, including the 1.6p dividend paid in April. Blackstone had previously submitted a cash proposal of 115p per share in March, but following due diligence raised […]
Seraphim Space Investment Trust (SSIT) has reported results for the quarter ended 31 March 2025. While net asset value (NAV) per share edged down slightly by 0.3% to 100.78p, the underlying portfolio saw a 3.0% increase in value to £222.7m, reflecting solid commercial progress among key holdings. The quarter saw a £4.9m unrealised uplift in […]
Biotech Growth Trust (BIOG) has reported a disappointing set of annual results for the year ended 31 March 2025, with its net asset value (NAV) per share falling 24.4%, compared with a 6.0% decline for its benchmark, the NASDAQ Biotechnology Index (sterling-adjusted, total return). The trust’s share price fell 24.2%, closing the year on a […]
In QuotedData’s morning briefing 4 June 2025: We also have: Stories you may have missed from yesterday:
Oakley Capital Investments Limited reports that the Oakley Capital Origin Fund II is investing in Infravadis, a tech-enabled platform focused on the >€25bn European underground infrastructure maintenance market. The investment marks the first step in a buy-and-build strategy to create a category leader in an essential and highly fragmented sector. The trust’s indirect contribution to […]
In the face of a persistent discount [common to all renewable energy companies], Foresight Environmental Infrastructure’s board has talked to advisers and evaluated a full range of strategic alternatives for the company, including a managed wind-down, a targeted divestment approach, the continuation of the current investment strategy, and potential mergers and acquisitions. The board’s decision […]
NewRiver REIT has reported a 25% bump in income in annual results following the acquisition of Capital & Regional’s portfolio. The retail landlord said underlying funds from operations (UFFO) were £30.5m (8.1p per share) compared to £24.4m in 2024. The acquisition of Capital & Regional in December 2024 (for £151m) saw UFFO in the second […]
