Triple Point Social Housing REIT has reported a slight uptick in NAV in 2022 results as the positive impact of its inflation-linked leases offset yield movement caused by rising interest rates. Highlights include: EPRA Net Tangible Assets per share of 109.06 pence as at 31 December 2022 (2021: 108.27 pence), an increase of 0.7%. Portfolio independently valued at £669.1m (2021: £642.0m) The portfolio’s […]
Tritax Big Box REIT has posted a 19.0% drop in EPRA net tangible assets (NTA) in 2022 results. The fall, to 180.37p per share, was the result of the impact of rising interest rates on prime property yields, but was less than anticipated. The group’s portfolio value decreased 15.2% on a like-for-like basis in the […]
Jonathan Jones, Editor, Trustnet, 27 February 2023: Mid Wynd International manager and Artemis head of global equities Simon Edelsten is to retire at the end of the year, with Alex Stanic brought in to replace the veteran stockpicker. Edelsten, who also manages the Artemis Global Select fund, will remain with the firm until the of […]
In QuotedData’s morning briefing 27 February 2023: Life Science REIT (LABS) announces the letting of part of the ground floor of Building One at Oxford Technology Park to Arcturis Data Limited, a healthcare technology company applying advanced analytics and machine learning to generate real-world evidence and novel healthcare insights in both common and rare diseases. […]
Simon Edelsten, 61, lead manager of Mid Wynd will retire as a partner of Artemis Investment Management LLP at the end of 2023. Co-manager Alex Illingworth is also leaving the business. Simon will be replaced as lead manager by Alex Stanic who will join Artemis as its head of global equities on 1 March 2023. […]
The Board of the Company announces that it has today published a circular to Shareholders (the “Circular”) convening a general meeting of the Company to consider recommended proposals, including (i) a continuation vote (by way of an ordinary resolution) and (ii) the adoption of new articles of association (by way of a special resolution). Following […]
Polar Capital Global Financials (PCFT) has announced its annual results for the year ended 30 November 2022. During the period, PCFT provided a positive NAV total return of 1.9% although, reflecting a widening of its discount, it provided a share price total return of -7.6%. In comparison, the MSCI ACWI Financials provided a total return […]
Embattled Home REIT is considering the possible sale of the company after receiving an unsolicited approach from Bluestar Group Limited regarding a possible offer for the entire issued share capital of the company. The company said that any offer by Bluestar would likely be in cash but added “that there can be no certainty that […]
Time to buy? Civitas Social Housing (CSH) has suffered a sustained fall in its share price which sees it now trade on a discount of 44.4%. This seems wholly unjustified given the strong market fundamentals in the social housing sector and the group’s proven, secure government-backed income. CSH’s inflation-linked leases (which benefit from annual rental […]
Time to buy? Civitas Social Housing (CSH) has suffered a sustained fall in its share price which sees it now trade on a discount of 44.4%. This seems wholly unjustified given the strong market fundamentals in the social housing sector and the group’s proven, secure government-backed income. CSH’s inflation-linked leases (which benefit from annual rental […]
