This sector includes mortgage companies, property management companies and REITs
Residential Secure Income has collected 99% of rent for the quarter, a rate that has been unchanged throughout the pandemic. The group said this demonstrated the secure nature of its cashflows from its affordable shared ownership, retirement and local authority housing portfolio, with rents underpinned by pensions, housing welfare, below market rents and shared owner stakes. […]
Tritax Big Box REIT has collected 99% of rent for 2020, it has announced in a quarterly business update. The group said the remaining 1% was subject to deferral arrangements and due to be collected by mid-2021. For the current quarter, the group has so far collected 93%, which it expects to increase to 100% […]
Workspace Group, the flexible office space provider, has reported tenant enquiry levels were 33% down on last year, in a quarterly business update. It said average monthly enquiries in the final quarter of 2020 (the third quarter of its financial year) was 672, versus 1,001 in the same period in 2019. Lettings, however, were at […]
Picton Property has reported a 3% rise in net asset value (NAV) in the quarter to the end of December 2020. The group, which owns a diverse property portfolio weighted towards industrial, said EPRA NAV per share was 95.5p at 31 December 2020, up from 92.7p at 30 September. NAV total return (including dividends paid) […]
In QuotedData’s morning briefing 28 January 2021: VH Global Sustainable Energy Opportunities raised £242.6m from its IPO. Dealings in the ordinary shares will commence at 8.00 a.m. on 2 February 2021. CATCo Reinsurance Opportunities says its unaudited NAVs for the ordinary shares and C shares were $0.2828 and $0.5071 respectively, as at the close of business on […]
BMO Real Estate Investments (BREI) has posted a 3.5% rise in its net asset value (NAV) for the quarter to 31 December 2020. The unaudited NAV was 98.1p per share (30 September 2020 : 94.8p), the increase driven by a 2.4% increase in the value of its property portfolio to £317.8m. With the 0.85p quarterly […]
Real Estate Investors, which owns a portfolio of property in the Midlands, collected 95% of rent in 2020, including agreed deferred payments. For the first quarter of this year it has collected close to 90%, including deferred payments. Portfolio update The group said occupancy on its 53-asset strong portfolio was 91.6% at 31 December 2020 […]
Warehouse REIT has collected 96% of rent for its financial year to the end of March 2021, it announced as part of a trading update. For the current quarter, it has received 95% of rent (including 3% that has been deferred). This, it said, was higher than the equivalent date for the previous three quarters. […]
In QuotedData’s morning briefing 27 January 2021 – Henderson Smaller Companies (HSL) delivered total NAV and share price returns of 20.6% and 27.7% over its six-months interim results period to 30 November 2020. HSL said that its NAV performance was 6.3% ahead of the average of our peers in the AIC UK smaller companies sector. 3i […]
LXI REIT has reported a 1.7% rise in the value of its long-income property portfolio in the quarter to the end of December 2020. The group said its portfolio had been independently valued at £907.25m. It said the increase was mainly down to its large exposure to the industrial and foodstore sectors, which are benefitting […]
Regional REIT collected 92.4% of rent for 2020, the company said in a market update. This increases to 95.5% when agreed monthly payments and collection plans are accounted for. This, it said, was in line with the 96.9% of rent collected at the same point for 2019. A breakdown of the quarterly rent collection rates […]
In QuotedData’s morning briefing 26 January 2021: Apax Global Alpha is investing €20m (indirectly, through its investment in Apax X Fund) in PIB Group, a leading independent specialist insurance intermediary launched in 2015. PIB is a highly diversified insurance distribution consolidator focusing on specialist commercial lines and non-standard personal lines products with deep expertise across both direct […]
Home REIT, the recently launched fund that focuses on providing accommodation to the homeless, has acquired a further 171 properties for £69.5m. The acquisitions, in 11 separate portfolios, mean the company has now deployed £184m (or 78%) of the money raised in an IPO in October 2020. The properties, which add a further 798 beds […]
Sirius Real Estate, the owner and operator of German business parks, and joint venture partner AXA IM Alts have acquired the Sigma Technopark in Augsburg for €80m. The acquisition for the ‘Titanium’ joint venture was at a net initial yield of 6% and increases the size of the portfolio to €317m. The seven business parks […]
Supermarket Income REIT has acquired a Sainsbury’s and Waitrose supermarket for £64.8m, representing a 4.4% net initial yield. The Sainsbury’s store in Melksham, Wiltshire, totals 47,000 sq ft and includes purpose-built online fulfilment distribution docks, supporting online delivery. The lease length on the property is 17 years and comes with annual, upwards only, RPI-linked rent […]
AEW UK REIT reports a 3.2% increase in net asset value (NAV) in the quarter to the end of December 2020. The value of the group’s portfolio notched up 3.4% to £182.65m, which was behind the rise in NAV from 92.73p to 95.87p. The company maintained its dividend for the quarter of 2p per share, […]
In QuotedData’s morning briefing 25 January 2021: RM Secured Direct Lending (which featured on the weekly show a couple of weeks ago) has received an increased allocation from the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS). RM Funds was initially granted an allocation of HM Government Guarantee capacity in August 2020. This […]
This week saw the seventh change in chief executive of a listed property company since the start of the pandemic. Regeneration specialist U and I Group (UAI) parted ways with Matthew Weiner, who had held the role for six years and been at the company for more than 20, and replaced him with chief development […]
NewRiver REIT has updated on its rent collection figures and reported a collection rate for the current quarter of 70%. This, it said, was tracking ahead of previous quarters at the same number of days after billing, which have now seen 82% collected for the fourth quarter of 2020, 83% for the third quarter and […]
In QuotedData’s morning briefing 21 January 2021: Schroder BSC Social impact says it has committed over 80% and invested over 55% of the net proceeds of its IPO. Most of the money went into buying seven investments that were listed in the prospectus. It has also bought £2.5m of bonds issued by Triodos Bank. Triodos lends to […]
Aberdeen Standard European Logistics Income (ASLI) has reported a 6% increase in the value of its portfolio over the quarter to the end of December 2020. The company’s portfolio of 14 continental European logistics assets are now worth €430.2m, up from €405.7m at September 2020. The group said net asset value (NAV) at 31 December […]
In QuotedData’s morning briefing 20 January 2021 – SME Credit Realisation Fund has announced a return of capital by way of a compulsory share redemption. £25m will be handed back by buying back approximately 18.0% of shares in issue at 84.77p per share (the NAV at the end of December 2020). holders of shares on […]
U and I Group, the developer and investor, has shaken up its senior management team after reporting losses of £50.2m in the six months to September 2020. The group has announced chief executive Matthew Weiner has stepped down from the role with immediate effect. Chief development officer Richard Upton has replaced him in the top […]
Impact Healthcare REIT has said it expects all residents of its care homes will be vaccinated by the end of January. The group said, as of 15 January 2021, residents at 60% of its homes had received the first dose, with residents at a further 15% schedules to have it this week. The remaining 25% […]
Town Centre Securities, which owns retail, office and car park assets in the UK, has collected 83% of rent since March last year. This includes a 76% collection rate for the first quarter of 2021. In all, it has received £20.4m of the £24.6m it has billed since March last year (83%). This rises to […]
Hammerson has received just 32% of rent due for the first quarter of 2021, highlighting the significant struggles of the retail sector during lockdown. The group said it had so far collected £19.8m of the £61.5m billed for the first quarter. A further £12.9m has been deferred or is not yet due due to monthly […]
In QuotedData’s morning briefing 19 January 2021; Hg has held a minority position in TeamSystem since 2015, following its majority exit to a vehicle indirectly held by Hellman & Friedman Capital Partners VII, L.P. A transaction has recently been agreed to transfer TeamSystem to a vehicle indirectly held by Hellman & Friedman Capital Partners IX, L.P. As […]
LXI REIT has increased its quarterly dividend guidance on the back of strong rent collection figures for the first quarter of 2021. It has received 96% of rent, which increases to 98% on receipt of rent deferrals agreed with tenants. As a result of the robust rent collection figures, it has increased its dividend target to […]
McKay Securities has collected 86% of rent for the current quarter, it has revealed. The group, which owns offices and industrial and logistics assets in London and the South East, said the first quarter collection figure increases to 91% when monthly payments are factored in. It also revealed that for the financial year to the […]
In QuotedData’s morning briefing 18 January 2021 – AVI Japan Opportunity (AJOT) is seeking to raise up to £35m in new ordinary shares under its existing placing programme. Joe Bauernfreund, CEO and CIO of Asset Value Investors, AJOT’s manager, commented: “We want to take advantage of valuations which in many cases remain depressed despite encouraging signs […]
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