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Share Name Share Symbol Market Type Share ISIN Share Description
Aberdeen Standard European Logistics Income Plc LSE:ASLI London Ordinary Share GB00BD9PXH49 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.50 1.26% 120.50 119.00 120.50 120.50 119.00 120.00 134,668 12:36:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 20.8 10.8 4.4 28.6 317

Aberdeen Standard Europe... Share Discussion Threads

Showing 101 to 123 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
29/6/2021
11:54
ASLI lead fund mangager, Evert Castelein, is speaking at QuotedData’s Property Webinar Series on Weds 14 July at 9.30am... HTTPS://quoteddata.com/events/quoteddatas-property-webinar-series-3/
speedsgh
24/5/2021
19:13
"At a macroeconomic level, we are entering a period of rising inflation. Against this backdrop, we believe the long income nature of our assets, with annual indexation, is an even more compelling investment proposition and protection against the threat of rising interest rates."
speedsgh
24/5/2021
16:19
Solid update with NAV, rental collection, dividend information as well as one upcoming "in exclusivity" purchase that will be immediately earnings accretive:- https://www.investegate.co.uk/aberdeen-stand.euro.--asli-/rns/q1-2021-nav-and-first-interim-dividend/202105241434276252Z/
cwa1
06/5/2021
17:28
Goal! How a European Reit scored a deal at Real Madrid - HTTPS://citywire.co.uk/investment-trust-insider/news/goal-how-a-european-reit-scored-a-deal-at-real-madrid/a1503823 As a wall of money continues to flood into warehouse assets, Aberdeen Standard Investments’ (ASI) Evert Castelein is dodging low yields by ‘creating deals out of nothing’ and in the most unlikely places, including a Real Madrid football match. ‘It’s a bit of cliché, but property business is a local business,’ said the manager of the £301m Aberdeen Standard European Logistics (ASLI) trust. ‘If you do not speak the language and you don’t work [in the area you want to buy], then it is difficult to source the assets.’ ASI has offices dotted across Europe, with Castelein based in the Netherlands, and he believes this is key to sourcing off-market property at good prices. He said one Madrid-based member of the team sealed a deal after chatting to another football fan in the business lounge at the Real Madrid stadium Bernabeu (pictured) after a match enabling the team to do ‘an off-market deal’. ‘We can create deals out of nothing,’ said Castelein, adding that as demand logistics and warehousing has boomed during the Covid-19 pandemic, there are now ‘desperate fund managers who will pay anything’ to get these assets into their portfolios. However, Castelein said he will not lose sight of the fact that investors are looking for income and is avoiding the high-cost, low-yield properties that are currently on the market. ‘The yield obviously depends on the locations. In core locations, with brand new buildings, with long leases, and strong covenants, then the market is all over it and prices are at record levels – we are not buying those,’ he said. ‘For those, you are looking at a yield of 3.5% and we have heard rumours of assets that are closer to 3% and that is a record. We are definitely not buying those. We have a focus on a yield of 4.5%.’ While rising prices have pushed Castelein and his team to look harder for deals, it has helped the trust’s net asset value (NAV) rise 13.6% in euros in 2020 (or 20% converted into sterling). A huge 6% uplift in the final three months of the year reflected the price rises and yield compression as investors flooded the sector. With dividends included, the shares delivered a 26.6% total return, and now stand on 9% premium over NAV and a 3.3% dividend yield. ‘Logistics is a sector really benefiting from strong tailwinds and it feels like an open door at the moment,’ said Castelein. While lockdown benefited logistics across the board thanks to the boom in e-commerce, ASLI’s assets have done particularly well as it has a tenant overweight to the food sector which meant it collected 97% of rent during 2020. This allowed the trust to pay out 2020 dividends of 4.96p, in line with its target but only 88% covered by earnings per share. With logistics vacancies across the sector at a ‘fractional’ 4% and demand still high, Castelein said ‘the only way the price is going is up’. He is favouring ‘mid-sized big box’ and ‘last mile’ warehousing that will be used not only as distribution centres for e-commerce but also for ‘onshoring and building up inventory levels’. There has been a shift of manufacturing back from Asia to Europe due to a number of reasons. ‘One of the reasons for that is salaries in China have increased and the wage arbitrage [with Europe] is less profound now,’ said Castelein. He also said companies were more concerned about ‘long distance supply chains’ that were put into stark relief during the outbreak and also by the problems caused by ship blocking the Suez Canal earlier this year. ‘It makes sense for companies to look at their global footprint to they are not as susceptible to external shocks,’ he said. The major uncertainty is Office Dépot, the Reit’s seventh largest tenant and sole occupier of its Meung-sur-Loire property generating 6.4% of annual contracted rent, which fell into administration in February. The administrator has indicated that while a sale is underway rental payments should continue to be made. With demand high, Castelein is confident ASLI can still find opportunities and reach its target of £1bn. The trust currently has €65m in cash and undrawn facilities after it signed a new €40m credit facility with Investec Bank. ‘There is lots of research that says you reach optimal diversification when you have more than 20 assets,’ he said.
speedsgh
16/4/2021
17:12
What happened today (Not complaining of course)
williamcooper104
12/3/2021
15:54
Slightly surprisingly, I got all of the modest PrimaryBid offer that I put in for
cwa1
12/3/2021
14:58
Result of placing:- Result of Placing Further to the announcement of 10 March 2021, the Board of Aberdeen Standard European Logistics Income PLC (the "Company" or "ASLI") is pleased to announce that the Company proposes to issue 18.45 million new ordinary shares in the capital of the Company ("New Ordinary Shares") at a price of 105 pence per share (the "Issue"), raising gross proceeds of GBP19.4 million. The Issue was over-subscribed at the issue price and a scaling back process was undertaken.
cwa1
10/3/2021
10:24
Hmmmm. I'd happily apply for a few if I thought the price was...reasonable. But this bidding blind does give one pause for thought
cwa1
10/3/2021
09:48
Indeed speed and explains the recent price weakness. No indication of price so I am unclear of the value of participating except for dealing costs. However I am also sure once complete the share price can return to 120p on yield alone.
mach100
24/2/2021
08:50
Fundraising in the offing? "... With their support, it remains the Board's intention to continue scaling the Company, further diversifying the asset and tenant base and improving the quality and visibility of the income."
speedsgh
24/2/2021
08:49
[cont'd from previous post] Performance For the year to 31 December 2020, the share price total return (with dividends reinvested) was 26.6%. The net asset value total return over the same period was 20.0% (13.6% in Euro terms). Acquisition Advanced due diligence continues on the purchase of a recently constructed 34,000 sqm warehouse in Poland, for approximately €28 million, reflecting a net initial yield of 5.5%. Subject to the necessary approvals, the Investment Manager expects the transaction to close by the end of Q1 2021. The property is fully let to seven tenants with an average WAULT of over six years. Representing the Company's third property in Poland, the brand-new, high specification, building is one hour's drive from Warsaw and is strategically located close to a container terminal offering excellent connectivity to Western Europe. Financing The Company level loan to value ratio is currently 31.4%, below the long term target of 35.0%. The €40 million uncommitted loan agreement with Investec Bank has been executed and is now available for drawdown, providing additional flexibility in respect of cash management. The new facility will help to avoid cash drag and, along with €24.4 million of available cash, provides liquidity as well as funds for future acquisitions. Evert Castelein, Fund Manager, Aberdeen Standard Investments, commented: "It is pleasing to see the quality of the portfolio being so clearly reflected in this latest valuation, with a strong 6% uplift. Increasing online retail sales penetration and the focus on more resilient supply chains by building inventory levels and near-shoring of manufacturing activities continues to support demand for well specified logistics assets, underpinning valuations and the Company's investment strategy. "We continue to see strong levels of rent collection, reflecting the quality of our tenant mix and critical nature of the assets. Nonetheless we understand that the pandemic continues to affect businesses globally, despite early indications of vaccine successes. We remain in close contact with our tenants and available to support them where and when required, through ASI's strong 'on the ground' local network. This includes working through the situation with the Office Dépôt France asset, where we are confident of finding a resolution due to the quality of the asset and its strong location." Tony Roper, Chairman of the Company, added: "The quality, location and age of our assets together with improving sustainability credentials, as demonstrated by our recent GRESB Award, provides confidence for the future. To date the portfolio has delivered attractive returns for our shareholders and today's update illustrates the increasing value of the assets sourced by our Investment Manager and the value of long term indexed income which many of our shareholders recognise. With their support, it remains the Board's intention to continue scaling the Company, further diversifying the asset and tenant base and improving the quality and visibility of the income." The Board is not aware of any other significant events or transactions which have occurred between 31 December 2020 and the date of publication of this statement which would have a material impact on the financial position of the Company.
speedsgh
22/2/2021
19:00
wrong thread
hugepants
10/2/2021
22:24
On 3rd February 2021, QuotedData hosted the first of four Round the World webinars. This webinar was focused on Europe and included presentations and Q&As from 3 investment companies’ managers, covering markets across Europe: Evert Castelein, Aberdeen Standard European Logistics Income Stephen Paice, Baillie Gifford European Growth Oleg Biryulyov, JPMorgan Russian Securities Round The World Webinar Europe: Aberdeen Standard European Logistics Income - HTTPS://quoteddata.com/round-the-world-webinar-europe-aberdeen-european-logistics-14/ [duration 35:05]
speedsgh
21/1/2021
11:54
"The Company expects its unaudited 31 December 2020 net asset value per share to have increased materially since the third quarter"... Unaudited Q4 2020 Portfolio Valuation Update - HTTPS://www.investegate.co.uk/aberdeen-stand-euro---asli-/rns/unaudited-q4-2020-portfolio-valuation-update/202101200700022246M/ Aberdeen Standard European Logistics Income PLC ( the "Company" or "ASLI") today provides an update on the unaudited quarterly independent valuation of the property portfolio as at 31 December 2020 and its rent collection for the fourth quarter of 2020. - As at 31 December 2020, the property portfolio was independently valued by CBRE GmbH at €430.2 million, an increase of 6.0%, or €24.5 million, on the 30 September 2020 valuation of €405.7 million on a like for like basis. - 100% of rent due for the quarter ended 31 December 2020 has been collected. - Total rent collection for the calendar year 2020 is 97% of rent due under original tenant agreements, as previously reported, with the balance consisting of agreed rent deferrals and rent free periods granted in exchange for material lease extensions. - The Company remains prudently geared with a loan to value ratio of approximately 31% of gross assets, with no debt maturity before June 2025 and an average remaining loan duration of 5.7 years. The Company expects its unaudited 31 December 2020 net asset value per share to have increased materially since the third quarter (30 September 2020: 112.7 euro cents, equivalent to 102.9 pence per share). The Company plans to announce the 31 December 2020 unaudited NAV and its fourth interim distribution in respect of the year ended 31 December 2020 on or around 19 February 2021. [cont'd]
speedsgh
14/12/2020
09:29
Aberdeen and Tritax could consider European trust merger after strategic deal - HTTPS://citywire.co.uk/investment-trust-insider/news/aberdeen-and-tritax-could-consider-european-trust-merger-after-strategic-deal/a1436469
speedsgh
09/12/2020
11:20
Following today's news of Aberdeen Standard Investments acquiring a 60% stake in Tritax Management, the investment manager of EBOX, might this be a pre-cursor to ASLI (which focuses on smaller, last mile logistics assets with an average property size 26,500 sq m) merging with EBOX (which has much larger, big box assets; average property size 76,000 sq mbig boxes) at some point in the future?... Investment Manager Acquisition - HTTPS://www.investegate.co.uk/aberdeen-stand-euro---asli-/rns/investment-manager-acquisition/202012090700049893H/ The Board of Aberdeen Standard European Logistics Income PLC ("ASLI" or the "Company") notes the announcement made by the Company's investment manager, Aberdeen Standard Investments (the "Investment Manager"), in relation to the planned acquisition of a 60 per cent. ownership interest in Tritax Management LLP ("Tritax"). Tritax is a specialist logistics real estate fund manager with £5.1 billion assets under management throughout the UK and Europe. Among its mandates, Tritax manages two listed industrial logistics funds, Tritax Big Box REIT plc and Tritax EuroBox plc. The transaction is part of the Investment Manager's increased focus on logistics as a critical area of the real estate market and is expected to close in early 2021, subject to the receipt of regulatory approvals and satisfaction of customary closing conditions. Tony Roper, Chairman of the Company, commented: "The Board view the Investment Manager's acquisition of Tritax as a positive development in further enhancing their already deep logistics real estate expertise. Over the coming months, the Board will assess the expected impact of this acquisition on the Company's investment management arrangements and will provide a further update to shareholders in Q1 2021".
speedsgh
08/12/2020
07:58
GRESB 2020 Survey Results & Polish asset agreement - HTTPS://www.londonstockexchange.com/news-article/ASLI/gresb-2020-survey-results-polish-asset-agreement/14783928 The Board of Aberdeen Standard European Logistics Income PLC (the "Company" or "ASLI") is pleased to announce that in the recently released survey of GRESB (Global Real Estate Sustainability Benchmark) the Company has been awarded four Green Stars out of a maximum of five. This compares to the previous two stars awarded in 2019. The portfolio's GRESB score of 79/100 compares very favourably against the 68/100 average score for the Western Europe Industrial Distribution Warehouse peer group which contains nineteen funds. This latest scoring reflects the progress made to date with regards to environmental, social and governance ("ESG") factors thanks to solar panel project initiatives, tenant satisfaction surveys, light sustainability audits and 100% data collection across the portfolio linked to Envizi which is used to analyse energy consumption. In addition, all buildings have LED lighting and the Investment Manager continues with plans to further enhance ESG credentials going forward. The Company also announces that it has recently signed a Letter of Intent for the purchase of a new warehouse in Poland valued at approximately €26 million. Subject to various approvals, the Investment Manager will be entering advanced due diligence with an expected closing of the transaction in Q1 2021. This 34,000 sqm warehouse is expected to provide a net initial yield of 5.5%, is well located and will be leased to six tenants with an average WAULT of more than seven years. Evert Castelein, Fund Manager to ASLI commented: "I am very pleased that the company is now able to announce the expected acquisition of what will be our third property in Poland. This brand-new warehouse, located in central Poland, is strategically located close to a container terminal with easy access to Western Europe. This will be a good addition to ASLI's portfolio using available cash and the Company's recently signed credit facility in advance of the placing of longer term debt. In addition to this, I am happy to note the latest GRESB scoring for ASLI's portfolio which underscores our desire to put ESG at the heart of everything that we do. The logistics sector continues to grow with the increasing demand from market participants for newer, quality warehousing driven by their demand for increased space both for the re-shoring of operations and to address the rise in e-commerce demands."
speedsgh
24/11/2020
11:09
Third Interim Dividend - HTTPS://www.investegate.co.uk/aberdeen-stand-euro---asli-/rns/third-interim-dividend/202011241059353345G/ The Directors have today declared a third interim dividend of 1.41 euro cents (equivalent to 1.24 pence) per Ordinary share, in respect of the year ending 31 December 2020. This third interim dividend will be paid in sterling on 30 December 2020 to Ordinary shareholders on the register on 4 December 2020 (ex-dividend date of 3 December 2020). The Company intends to declare quarterly interim dividends to Shareholders, with dividends declared in respect of the quarters ending on the following dates: 31 March, 30 June, 30 September and 31 December in each year. Any such dividend payment to Shareholders may take the form of either dividend income or "qualifying interest income" which may be designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investments trusts. Of this third interim dividend declared of 1.24 pence per Ordinary share, 0.73 pence is declared as dividend income with 0.51 pence treated as qualifying interest income.
speedsgh
30/9/2020
09:26
Results look healthy
petewy
25/8/2020
15:15
Second Interim Dividend - HTTPS://www.investegate.co.uk/aberdeen-stand-euro---asli-/rns/second-interim-dividend/202008251200040978X/ The Directors have today declared a second interim dividend of 1.41 euro cents (equivalent to 1.24 pence) per Ordinary share, in respect of the year ending 31 December 2020. This second interim dividend will be paid in sterling on 25 September 2020 to Ordinary shareholders on the register on 4 September 2020 (ex-dividend date of 3 September 2020)... ... Of this second interim dividend declared of 1.24 pence per Ordinary share, 0.93 pence is declared as dividend income with 0.31 pence treated as qualifying interest income.
speedsgh
25/8/2020
15:14
[cont'd] Evert Castelein, Aberdeen Standard Investments, commented: "Having witnessed uncertain and difficult times of late, it is gratifying to see our latest portfolio valuation demonstrate stable values for the June 2020 quarter end which is a reflection of the quality and locations of the asset base that we have built up. The COVID pandemic showed the importance of the real estate logistics sector across Europe with increasing online retail sales and an obvious focus on supply chains and their resilience. With no new requests from tenants for support we have seen strong levels of rent collection, but nonetheless we continue to monitor the situation closely for any possible impacts on our tenant base. We remain, through our local network, in contact with our tenants and available to support them where and when required. There are attractive opportunities across Europe to invest in high-quality, modern and well-located assets. We believe that the outlook for European logistics real estate remains compelling, perhaps even more so now given the impact that the COVID-19 crisis is likely to have on consumer behaviour and supply chain logistics in the future. As the European logistics market evolves, our local managers expect to see increased levels of interesting investment opportunities as companies seek to bring certain operations back to their home territories. Our local transaction managers have an increased focus on urban logistics warehouses as the importance of e-commerce accelerates." Tony Roper, Chairman of the Company, commented: "The latest Q3 rent collection figures give the Board confidence and underpin the distribution policy of the Company. Today we have declared a second distribution for the year of 1.24 pence (1.41 euro cents) per share, in line with our previous guidance. Our Investment Manager continues to maintain regular dialogue with our tenants and it is pleasing to note that no further requests for support have been received. European logistics have fared well over a period when many other real estate sectors have seen very challenging times. We remain confident that the quality of the portfolio that has been built should deliver solid returns for our shareholders. There is no doubt that the increased focus on supply chain management and online sales and deliveries will underpin the increased interest that we are seeing in this sector of the real estate market. The quality, location and age of our assets together with improving sustainable credentials should give confidence for the future as we look to build on the European logistics story."
speedsgh
25/8/2020
15:13
Unaudited Net Asset Value as at 30 June 2020 and Q3 rental income update - HTTPS://uk.advfn.com/stock-market/london/aberdeen-standard-europe-ASLI/share-news/Aberdeen-Standard-Eur-Lgstc-Inc-PLC-NAV-as-at-30-J/83133273 Highlights -- NAV per Ordinary Share of 112.8c (GBp - 103.0p) as at 30 June 2020 (31 March 2020: 112.7c (GBp - 99.92p)). Exchange rate GBP1 : EUR1.10 (31 March 2020: GBP1 : EUR1.13). -- Resilient portfolio of assets with latest portfolio capital valuation unchanged from 31 March 2020. The Company's high-quality, well located and diversified European logistics portfolio of 14 assets remained valued at EUR404.9 million as at 30 June 2020. -- Rent collection remains strong with Q3 rental income expected to be in line with our previous projections, allowing the Board to reaffirm its intention to continue to pay distributions in line with its stated policy. -- A first interim distribution of 1.24 pence per Ordinary share in respect of the year ending 31 December 2020 was paid on 26 June 2020. -- A second interim distribution of 1.24 pence per Ordinary share in respect of the year ending 31 December 2020 declared on 25 August 2020. At the valuation date of 30 June 2020 the independent valuer's report from CBRE had removed the "material uncertainty" relating to property valuations that was in place as at 31 March 2020. Rental Collection Update No new requests for support have been received from tenants and rent collection remains strong. Monthly and quarterly advance payments received in respect of Q3 2020 rental income represent well over 90% of rental income due for the quarter and this is expected to rise to over 95% after accounting for previously notified rent free periods. The Company successfully concluded negotiations with certain tenants negatively impacted by the COVID-19 pandemic and previously confirmed that 85% of Q2 rental income due was collected, slightly in excess of the forecast collection percentage of 82%. As previously disclosed, for the remaining outstanding rental income, the Investment Manager agreed short-term rent deferrals and a small number of rent free periods, in exchange for material lease extensions. The Board, through the Investment Manager, continues to closely monitor the performance of the Company's tenants as they recover from enforced lockdowns and lighter trading. In light of the Q3 rental collection outcome and the previously agreed tenant positions, it remains the Board's intention to pay quarterly distributions in line with the Company's dividend policy. Dividends The Directors have today declared a second interim distribution of 1.24 pence (equivalent to 1.41 euro cents) per Ordinary Share, in respect of the year ending 31 December 2020. This second interim distribution will be paid in sterling on 25 September 2020 to Ordinary Shareholders on the register on 4 September 2020 (ex-dividend date of 3 September 2020). [cont'd]
speedsgh
01/7/2020
14:56
"In light of the Q2 rental collection outcome and the current agreed tenant positions, it remains the Board's intention to pay quarterly dividends in line with the Company's dividend policy." from 2019 Annual Report: COMPANY DIVIDEND POLICY Subject to compliance with all legal requirements the Company intends to pay interim Sterling dividends on a quarterly basis. The Company will declare dividends in Euros, but shareholders will receive dividend payments in Sterling. The date on which the Euro/Sterling exchange rate is set will be announced at the time the dividend is declared. Distributions made by the Company may take the form of either dividend income or ‘‘qualifying interest income’’ which may be designated as interest distributions for UK tax purposes. The Company targets an annual yield of 5.0 per cent. per Ordinary Share for an investor at launch whilst continuing to aim for a total NAV return of 7.5 per cent. per annum (each in Euro terms).
speedsgh
Chat Pages: 5  4  3  2  1
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