Green REIT reports 10% NAV growth – Green REIT has released preliminary results for the year ended 30 June 2017. It is reporting 10% NAV growth driven by development profits and increased underlying earnings. Highlights: 10% increase in NAV from €1,048m to €1,152m 9% increase in EPRA NAV per share to EUR1.66, underpinning a 12.9% […]
Adamas Finance Asia sells Global Pharm – On 15 September 2017, Adamas Finance Asia entered into a sale and purchase agreement with Fortune Insight Limited for the sale of its 75% interest in the company through which ADAM holds its interest in Global Pharm for US$15.6 million in cash. This is payable by Fortune within 120 […]
GCP Student Living says returns on target – GCP Student Living has published results for the year ended 30 June 2017. The highlights are: Total revenue for the year of £28.6 million. Annualised shareholder returns since IPO of 14.2%, in excess of the target return of 8-10%. Successfully raised £103.6 million through two oversubscribed placings […]
Board discussing fee level at Strategic Equity Capital – Over the year to 30 June 2017, Strategic Equity Capital generated an increase of 29.3% in its NAV per share. On a total return basis, the NAV return was 29.6%, which was ahead of the Small Cap ex Investment Trusts Total Return Index which increased by 28.4%. The share […]
Jupiter Dividend & Growth rollover into UK fund – Jupiter Dividend & Growth Trust comes to the end of its life on 30 November 2017. It has agreed in principle to proposals with Jupiter UK Growth Investment Trust under which the shareholders will be offered a choice of: rolling over their investment on a cost and tax […]
Crystal Amber lays out case for its portfolio after bumper year – Crystal Amber’s NAV increased by 32.9% over the year to the end of June 2017. They declared interim dividends of 2.5 pence in both July 2016 and December 2016, in line with the dividend policy of 5.0 pence per year. Including the dividends […]
Murray Income cuts fees as announces 44th year of dividend increases – Murray Income Trust reports that, for the year ended 30 June 2017, the company generated a Net Asset Value Total Return of 16.7%, a little bit behind the 18.1% return from the All-Share Index. The discount narrowed and that helped produce a share price return […]
Shareholders approve MedicX’s plant to become a REIT – the board of MedicX Fund Limited has announced that at the Extraordinary General Meeting of its Shareholders held at 4.30 p.m. on 12 September 2017, the special resolution proposing that the company becomes resident in the United Kingdom for tax purposes and enters the UK REIT […]
The People’s Trust, Daniel Godfrey’s long-trailed investment trust, launched its initial public offer (IPO) on Friday. It is aiming to raise £125 million. The fund intends to produce ‘better returns for you and a better impact on society’. There won’t be a huge dividend, a yield of about 1.8% is forecast, and this may curb […]
Civitas considering new fundraise – following the recent announcement of the acquisition of 11 properties for a consideration of GBP5.8 million the total equity invested by Civitas Social Housing REIT since IPO now exceeds GBP284 million (before purchase costs). Civitas has now established a diverse portfolio of built and income generating social homes in England and Wales […]
Portfolio concentration and duration rising at SQN Secured Income – SQN Secured Income says that, for the year ended 30 June 2017, it generated a net profit of GBP2.4 million and earnings per Ordinary Share of 4.63p. The company’s NAV at 30 June 2017 was GBP52.0 million and NAV per ordinary share 98.74p (cum income) compared with GBP53.4 million […]
Should investors buy an investment trust or a fund? – James Carthew of QuotedData talks to Jen Hill of Money Observer A recent comparison of open-ended funds versus closed-ended investment companies suggests the latter are losing their edge on charges, but compelling reasons remain to opt for investment trusts, writes Jennifer Hill Investment trusts have […]
LXi REIT buys another supported living portfolio – LXi REIT has exchanged contracts on the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located across England. The purchase price is GBP12.9 million, reflecting a net initial yield of 6.0% (net of acquisition costs). Each property is immediately income producing and has been […]
Qatar Investment Fund – trade and travel ban hindered growth – in its results statement for the year ended 30 June 2017, Qatar Investment Fund’s chairman, Nicholas Wilson, said “The year to 30 June 2017 was one of mixed fortunes for Qatar. During the period, the country adjusted well to the realisation that oil prices […]
Custodian REIT buys Plymouth warehouse – Custodian REIT has acquired a 35,000 sq ft retail warehouse on Transit Way Retail Park, Plymouth, near the A38 Devon Expressway. The site comprises two units occupied by Magnet and B&M, with nearby retailers including Argos, Tesco, Lidl and Matalan. The units’ leases expire on 26 January 2027 and […]
Tritax buys Royal Mail distribution facility – Tritax Big Box REIT has acquired a Regional Distribution Centre at Riversdale Road, Atherstone let to Royal Mail Group Limited. The total consideration is GBP32.68 million (excluding purchaser’s costs), reflecting a net initial yield of 6.1% on the corporate acquisition. The purchase is being funded from equity. The […]
Vinaland plans distribution as sells Vina Square project – Vinaland is selling its stake in the Vina Square project, located in Ho Chi Minh City, Vietnam. The project consists of a total land area of approximately 3.0ha and was acquired by VNL in 2007, at which time the land was designated as a future development site. […]
Travelodge, Salvation Army and Wet’n’Wild for AEW Long Lease – AEW UK Long Lease REIT has announced the acquisition of a hotel and retail unit on Princes Street, Swindon for GBP6.3m. The 35,000 sq ft property, which comprises a Travelodge hotel and Salvation Army centre, provides a weighted average unexpired lease term of 23 years, […]
This year’s summer lull is a bit busier than usual with Warehouse Real Estate Investment Trust (Reit) publishing a prospectus and running around trying to raise £80 million to £150 million to buy a portfolio of multi-let urban warehouse estates. I have been occupied on a new guide for investors interested in listed private equity […]
Civitas adds three supported living portfolios – Civitas Social Housing REIT has completed the purchase of three portfolios of specialist supported living for a total consideration of GBP5.8 million, comprising the freehold interest in 11 properties, with 52 tenancies. The portfolios are immediately income generating with an initial net yield in line with expectations and […]
Steady performance from Mucklow (A&J) – Rupert Mucklow, chairman of Mucklow (A&J) Group says that he is pleased to report another steady performance by the Group for the year ended 30 June 2017. He said “Our property portfolio continued to perform well, in favourable market conditions. We maintained a high occupancy level throughout the year and delivered […]
Fevertree helps power Standard Life Smaller Companies to another year of outperformance – Standard Life Smaller Companies says that, for the year ended 30 June 2017, its diluted net asset value total return was 35.0%, compared with a total return of 29.1% for the Numis Smaller Companies ex Investment Companies Index. The share price total return, calculated […]
A recent comparison of open-ended funds versus closed-ended investment companies suggests the latter are losing their edge on charges, but compelling reasons remain to opt for investment trusts, writes Jennifer Hill. Investment trusts have long been seen to offer superior performance to funds thanks to their ability to ‘gear’ investments, hold a fixed pool of […]
Investors’ insatiable appetite for income has pushed many innovative income funds to lofty premiums, but a host of opportunities remain. Jennifer Hill outlines five routes to pocket in flation-beating income. Investors are on the hunt for alternative sources of income, given the high valuations of many equity markets and poor value in bonds. ‘We’ve been looking […]
James Carthew: how the two social housing Reits compare Triple Point Social Housing (SOHO) is one of the recent crop of new issues in the burgeoning housing real estate investment trust (Reit) sub-sector. It raised £200 million in an oversubscribed issue at a time when rival launches struggled to meet their targets and some were […]
Triple Point Social Housing makes second investment – Triple Point Social Housing REIT says it has progressed well since its successful IPO in early August, which was supported by a broad range of institutional investors as well as by Places for People Group, one of the UK’s largest property and leisure management, development and regeneration companies. Shortly […]
Ground Rents to offer inflation linked alternative to doubling rents – On 2 August 2017, Ground Rents Income Fund issued a Corporate Update in light of media attention on ground rents and the launch by the Communities Secretary, Sajid Javid, of a consultation on proposals to amend leasehold legislation. The announcement advised that the Board, in […]
Central Asia Metals (CAML) the AIM-listed copper producer, has announced that it is in advanced talks with a third party which may lead to a reverse takeover transaction. At the company’s request, its shares were suspended this morning from trading on AIM and will remain so until either the publication of an admission document setting […]
Have equity income funds had their day? – Merry Somerset Webb on QuotedData research In the 1950s, the point of investing was simple. It was, says John Littlewood in his book, The Stock Market: 50 Years of Capitalism at Work, “to provide assets to match as closely as possible the liabilities stretching years into the […]
