Urban Logistics Reit Share Discussion Threads

[essentialinvestor] 02/5/2024 08:54

Lovely few days here, recent price an absolute steal.

[giltedge1] 22/4/2024 09:04

SP stable & rising this morning. Looks like last weeks weakness due to IFA,s selling, okay if its not your hard earned money. SHED has great fundamentals NAV, DY & low debt. Also manager has sizeable holding.

[williamcooper104] 20/4/2024 10:34

Indeed Plus either it gets closer to NAV or it gets taken over

[giltedge1] 20/4/2024 09:27

Added at £1.08, low vacancies 2 left at update, 1 under offer Vacancy reversions over 20% when relet. NAV around £1.60. New lettings usually long leases 10 years as tenants want to secure business premises unlike offices. Seems very good value.

[essentialinvestor] 17/4/2024 11:58

UK 10-yr @ 4.30%, YTD high.

Little wonder sector SP's are flagging.

[essentialinvestor] 17/4/2024 10:37

Statement about as strong as you could hope for, but friendless for now.

It's got to be rising yields weighing.

Nice to see occupancy rate improve.

[nickrl] 17/4/2024 10:27

Nice reversion being realised is a real positive that NRI will grow here albeit slowly but enough to keep divi covered and with potential for an increase.

[lefrene] 17/4/2024 09:08

Plainly a well managed and focused company in what has for now has become an unpopular sector. Worth watching.

[igoe104] 17/4/2024 07:32

Very positive numbers. Unbelievable to see these at these levels...

[spectoacc] 17/4/2024 07:11

"Urban Logistics (LON: SHED), the only London listed REIT offering a focused exposure to single-let, last mile/last touch logistics real estate...".


Only just, pal, only just. Interesting addition of the word "focused" tho.

Edit: BERENBERG REINITIATES URBAN LOGISTICS REIT WITH 'BUY' - PRICE TARGET 142 PENCE
(Copy/paste, apologies for caps).

[essentialinvestor] 16/4/2024 16:43

Yup, we could wake up to more troubling ME news on any day, Israeli retaliation, then it becomes a cycle.

Around a 34% discount to NAV allows for a good deal of the current backdrop - however if widet markets sell off it's likely available lower down.

[spectoacc] 16/4/2024 16:40

Good luck @EI. Getting tempted to add more - but wondering if they want to test 100p again, particularly if geopolitical goes the wrong way.

[essentialinvestor] 16/4/2024 16:27

Doubled my small position here today,
however yields continue to rise.

[williamcooper104] 12/4/2024 17:19

For sure; remains an unloved sector and could be more gilt market volitality

[essentialinvestor] 12/4/2024 17:17

The decline may still have some legs.

[williamcooper104] 12/4/2024 17:15

If they don't recover then yes LMP and many others would be interested Buying in cheaply to LMP wouldn't be a bad outcome

[essentialinvestor] 12/4/2024 16:51

Bought a small amount.

[essentialinvestor] 12/4/2024 13:18

Is the arguably large dent to credibility recoverable - or an approx 30% discount to NAV the new norm going forward..?.

They now can't grow. Perhaps may be of interest to LMP at some point?.

[essentialinvestor] 11/4/2024 10:27

Just looking at this for a possible buy.

Could the recent Segro capital raise be a factor in the SHED price weakness..more capacity to come on market..?.

Or because of the aborted merger with API, investors have concluded SHED will now remain a relatively small Trust, while some others continue to grow.

The above may be too rudimentary a view.

[spectoacc] 11/4/2024 07:59

They tried to buy something outside their remit/competency - sure, they'd sell the offices, moorland, retail, but they were talking about wanting the Retail Parks as well as the Industrial. Looked opportunistic and a marked divergence from what they were set up to do (last mile).

WHR/BBOX are nearer Big Shed than Last Mile but would still have been a lot better.

[scruff1] 11/4/2024 07:54

Spec
Dont follow that comment ??

[spectoacc] 11/4/2024 06:47

@hindsight - if they'd done that with say WHR, or BBOX, fair play. But welcome aboard :) Feels too cheap here to me.