This sector includes mortgage companies, property management companies and REITs
In QuotedData’s morning briefing 3 October 2022: Jasmine Yeo has been made co-manager of Ruffer Investment Company (RICA). She joins Duncan MacInnes who has co-managed the company since October 2016. Jasmine graduated from Warwick Business School with a degree in international business with Spanish, and joined Ruffer’s UK private client team in 2017. She became […]
In QuotedData’s morning briefing 29 September 2022: Rockwood Strategic (RKW) confirms that its shares are now admitted to listing on the premium segment of the Official List maintained by the FCA and to trading on the premium segment of the London Stock Exchange’s Main Market. The trust is moving across from AIM. [Now the focus […]
In QuotedData’s morning briefing 28 September 2022: AVI Japan Opportunity (AJOT) has published its interim results for the six months ended 30 June 2022. During the period, AJOT provided NAV and share price total returns of -9.74% and -12.81% respectively, both underperforming the trust’s benchmark, the MSCI Japan Small Cap Total Return Index, which returned […]
In QuotedData’s morning briefing 27 September 2022: North American Income Trust (NAIT) beat its benchmark over the six months ended 31 July 2022, returning 5.5% in NAV terms to the Russell 1000 Value Index’s 4.9%. The discount narrowed and that meant the return to shareholders was 8.6%. A dividend of 5p (up from 3.8p last […]
Supermarket real estate has proved its worth during times of distress before – most recently during the pandemic – but can it do it again this time around as we enter a potential recession? Supermarket Income REIT (SUPR), the largest supermarket landlord in the UK, and LXI REIT are both nailing their colours firmly to […]
In QuotedData’s morning briefing 23 September 2022: M&G Credit (MGCI) has reported a NAV total return for the half year to 30 June 2022 was -3.4% which compared favourably to the performance of fixed income indices such as the ICE BofA Sterling and Collateralised Index (-14.17%) and the ICE BofA European Currency Non-Financial High Yield […]
In QuotedData’s morning briefing 22 September 2022: Pantheon Infrastructure’s (PINT) first set of figures, covering the period from launch to 30 June 2022, show that £98m was invested at that date, but as of today £344m or 88% of the £400m IPO proceeds have been deployed. As we know, the subscription share exercise raised a […]
Land Securities has exchanged contracts to sell its Moorgate station office development 21 Moorfields, EC2, to Lendlease for £809m. After outstanding development-related items, net cash receipt to Landsec will be £733m. 21 Moorfields is a 568,500 sq ft London office development fully pre-let to Deutsche Bank AG on a 25 year lease, with an annualised […]
LXI REIT is considering an equity raise to part-fund the £500m acquisition of a portfolio of 18 Sainsbury’s supermarkets. The group said that it was currently in discussions to acquire from Sainsbury’s, on a sale and leaseback basis, the 18-strong portfolio of prime grocery store assets, which are predominantly located in Southern England locations, but […]
Tritax EuroBox has announced that Nick Preston has stepped down as fund manager of the company and has been replaced by Phil Redding, a partner at Tritax EuroBox’s manager Tritax Management. Phil joined Tritax in November 2020 as director of investment strategy, providing strategic investment advice across four flagship Tritax funds. Prior to joining Tritax, […]
Supermarket Income REIT says it will continue to grow its portfolio through acquisitions after reporting a 6% increase in EPRA net tangible assets (NTA) in the year to 30 June 2022 to 115p per share. With dividends, this equates to a 12% NAV total return for the year and 7% share price total return – […]
In QuotedData’s morning briefing 21 September 2022: Henderson High Income (HHI) produced returns in line with its benchmark (80% All-Share Index/20% ICE BofAML Sterling Non-Gilts Index) over the six months ended 30 June 2022, both returning -6.1%. It helped that UK equities beat bonds over the period as the trust began the year with an […]
In QuotedData’s morning briefing 20 September 2022: Tufton Oceanic Assets (SHIP) is buying two product tankers – Courteous and Mindful – for $73.0m, less than their depreciated replacement cost. This takes the fund’s fleet to 23 vessels. Both tankers have fixed rate time charters for three to five years to a major commodity trading and […]
In QuotedData’s morning briefing 15 September 2022, the news is dominated by interim results statements: Downing Renewables and Infrastructure (DORE) has made a great start to the year as it reports an NAV of 115.9p at end June 2022 and a total return for the first six months of the year of 14.1%. The portfolio […]
Civitas Social Housing has provided an update on the progress in the implementation of its new regulatory clause (details of which were announced in May). The clause is intended to assist housing associations to be better positioned to achieve regulatory compliance under the Regulator of Social Housing’s governance and financial viability standard. The clause has […]
Home REIT has continued its acquisition drive with the purchase of 158 additional properties for £57.4m. The acquisitions were funded by proceeds raised in the company’s oversubscribed £263m equity issue in May 2022 (of which the company has now deployed a total of £227m or 88% of the proceeds). The properties have added a further […]
In QuotedData’s morning briefing 13 September 2022: Infrastructure India (IIP) has applied for, and has been granted, a three month extension to the deadline for publishing its audited annual accounts for the year ended 31 March 2022, which are now expected to be published in early November 2022. Proceeds from the sale of Indian Energy […]
A new supported living real estate investment trust (REIT) plans to launch targeting £150m in an initial public offering (IPO). Independent Living REIT plc today announced its intention to launch on the London Stock Exchange through the issuance of new ordinary shares in the company by way of a placing, offer for subscription and intermediaries […]
In QuotedData’s morning briefing 8 September 2022: International Public Partnerships, publishing its interim report, says that its Angel Trains investment is unaffected by strikes, its additional £42m investment in the Thames Tideway super sewer completed yesterday (7 September) and construction works are 80% complete, and Cadent (the UK gas infrastructure business, INPP’s largest investment) is […]
Helical has sold its TikTok-let Farringdon office building to Chinachem Group for £158.5m. The group has exchanged contracts on the sale of the single asset company, Farringdon East (Jersey) Limited, which owns the long leasehold interest in Kaleidoscope, Lindsey Street, EC1 at a capital value of £1,789 per sq ft and a marginal premium to […]
In QuotedData’s morning briefing 7 September 2022: SDCL Energy Efficiency Income Trust (SEIT) says its issue was oversubscribed and has been expanded to £135m, accordingly the company will issue a total of 118,421,053 new ordinary shares at 114p of which 5,139,370 relate to the retail investor offer. It is expected that dealings in the new […]
A message from Ed Marten, CEO of Marten & Co, the firm behind QuotedData We are thrilled to announce that, after nine wonderful years being based in Chelsea, we are moving to the heart of the City. The relocation marks a new phase in our growth, is closer to many of our clients, and gives […]
LXi REIT has sold a 65-year “income strip” on its Thorpe Park and Alton Towers assets to an institutional investor for £257m. As part of the deal, the company has sold the freehold in the properties to the buyer, with 999-year leases granted back to the company, with LXI paying the buyer an annual aggregate […]
In QuotedData’s morning briefing 6 September 2022: abrdn UK Smaller Companies Growth Trust (AUSC) says that, after 37 years with Standard Life and abrdn, Harry Nimmo will retire at the end of 2022 and will, therefore, step down as co-manager of the company at that time. Abby Glennie, who has worked alongside Harry in the […]
Picton Property Income (PCTN) has announced that it has completed the freehold acquisition of 109-117 High Street, Cheltenham for £5.3m. The property, which is mixed-use, comprises 7,700 sq. ft of ground floor retail space with 11,450 sq. ft of office space over two upper floors. It is located in Cheltenham’s pedestrianised town centre, adjacent to John […]
Urban Logistics (SHED) has announced that it has acquired five assets, worth £90m with significant potential for further value creation through active asset management. The five properties have net initial yields (NIY) ranging from 4.2% to 6.5%, or 4.5% on a blended basis. Four of the properties are income-producing and one property is vacant. Brent […]
In QuotedData’s morning briefing 23 August 2022: Axiom European Financial Debt (AXI) has published its interim results for the six months ended 30 June 2022. During the period, AXI provided NAV and share price total returns of -7.27% and -6.28% respectively. Its chairman, William Scott, says that “the Company’s returns in the first half of […]
In QuotedData’s morning briefing 22 August 2022: AEW UK REIT (AEWU) has sold 225 Bath Street, Glasgow for £9,300,000. Planning consent has been gained by new owners IQ for the demolition of the property and development of a 527-unit student accommodation scheme. The sale agreement required AEWU to negotiate with tenants to bring the asset […]
In QuotedData’s morning briefing 19 August 2022: Temple Bar (TMPL) has upped its full year dividend forecast from 8.2p to 9.0p, as revenue has been better than expected. The trust outperformed the All-Share over the six months ended 30 June 2022, returning -4.0% to the index’s -4.6%. Shareholders ended up with a return of +0.2% […]
Supermarket Income REIT has acquired four supermarkets for £76.4m, reflecting a combined net initial yield of 5.1%. Acquired from different vendors, the purchases consist of two Tesco supermarkets, located in Cheltenham and Merseyside, as well as a central Glasgow site anchored by a Sainsbury’s supermarket and an M&S Foodhall. The Tesco in Bishops Cleeve, Cheltenham, […]
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