Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn European Logistics Income Plc LSE:ASLI London Ordinary Share GB00BD9PXH49 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -1.0% 98.60 767,243 16:29:51
Bid Price Offer Price High Price Low Price Open Price
98.60 99.10 101.40 98.60 100.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 22.65 11.44 3.78 25.4 406
Last Trade Time Trade Type Trade Size Trade Price Currency
18:00:08 O 15,694 100.112 GBX

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Date Time Title Posts
14/6/202214:29Aberdeen Standard European Logistics Income plc205
24/8/201813:20Gross yields1
14/12/201718:22Aberdeen Standard European Logistics Income -

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Abrdn European Logistics... (ASLI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-07-01 17:00:22100.1115,69415,711.58O
2022-07-01 16:51:3298.604,2414,181.63O
2022-07-01 16:44:0098.602,1242,094.18O
2022-07-01 16:34:1199.516,6896,655.96O
2022-07-01 16:34:1198.60595586.65O
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Abrdn European Logistics... Daily Update: Abrdn European Logistics Income Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker ASLI. The last closing price for Abrdn European Logistics... was 99.60p.
Abrdn European Logistics Income Plc has a 4 week average price of 98.60p and a 12 week average price of 98.60p.
The 1 year high share price is 130p while the 1 year low share price is currently 95.60p.
There are currently 412,174,356 shares in issue and the average daily traded volume is 651,826 shares. The market capitalisation of Abrdn European Logistics Income Plc is £406,403,915.02.
alan pt: Back on a 10% discount now, not nearly as steep as the EBOX discount, but I do much prefer the ASLI mid box/last mile focus
speedsgh: Interesting comment on the sector by Marcus Phayre-Mudge, the highly-rated fund manager of TR Property Investment Trust (TRY) in their recent results... Industrial and Logistics 2021 was yet another record year in terms of take up, capital value growth and, all importantly, further shrinkage in the amount of vacancy. The UK market saw take up exceed 50 million sq ft and vacancy is now below 3% across the whole range of 'big box' unit sizes. Like for like rental growth for Segro's portfolio was in excess of 5% and this has driven yields nationwide 75-100 bps leading to huge capital growth. Yet urban logistics has been even hotter, with investors focused on the supply inelasticity of infill markets. Greater London prime industrial transactional evidence now regularly sees equivalent yields (i.e. based off market rents which are higher than passing rents) of less than 3%. This price inflation has been fuelled by evidence of another year of rental growth exceeding 10%. Segro reported rental growth averaging 13.1% in its UK portfolio during 2021. Savills estimate that inner London rents have moved 25% in the last year alone. UK industrial transaction volumes reached £16.7bn in 2021, 113% growth on 2020 and 152% growth on the five year average. Given such an acceleration we must closely watch the fundamentals, there may well be capital seeking deployment without due consideration. However, for now, the demand/supply imbalance at the occupier level is driving rental growth. The entire UK industrial market recorded a drop in available space to 18.1million sq ft, a contraction of one third over the year. No wonder rents are rising. On the Continent, we have also seen market rental growth outstrip annual indexation. This is set to continue even with the printing of record high annualised inflation of 5.1%. Segro are the only fully pan-European listed player and they reported 4.1% like for like rental growth across Continental Europe for 2021. We remain confident that in many key markets this level of growth will be exceeded in 2022. Across Continental Europe, online sales penetration now averages 15-18%, still a long way behind the UK at c.28%. Shortening supply chains and reshoring has driven demand in cheaper markets such as Poland. Savills European Logistics Survey 2021 showed that 46% of all occupiers canvassed expected to increase their warehouse requirements over the next year. Availability continues to shrink, with vacancy down from 5.1% to 3.5%, with record low levels in Dublin (1.1%), the Netherlands (3.3%), Czech Republic (1.7%) and take up levels well ahead of decade averages with Madrid (+9), Poland (+13%) and the Netherlands (+10%). For the best space, rents are responding very rapidly and we expect average rental growth to exceed 5% across the Continent. However in early May this year (post the year end) Amazon announced a dramatic pause in its expansion programme. Whilst we believe that these comments were focused on their domestic US market, it has caused reverberations across all logistics/ecommerce real estate markets. Major owners and developers such as Segro and Tritax point to full orderbooks and strong transactional evidence, forward looking equity markets took fright. Share prices of these two names are down - 22% and 17% respectively, calendar year to date.
catch007: Solid update imho and share price should benefit. My concern has been the number of fund raises however the river dried up on the last one and hopefully ASLI will focus on asset management initiatives now.
cwa1: From this morning's update:- Highlights -- Portfolio valuation increased by 2.5%, or EUR16.8 million to EUR682.8 million, reflecting inflation-linked rental growth and further yield compression -- NAV per Ordinary share increased by 1.9% to 131.6c (GBp - 111.3p 1 ) (31 December 2021: 129.1c (GBp - 108.5p 1 )), reflecting a NAV total return of 13.0% (in Euro terms) for the 12 months to 31 March 2022 -- EPRA Net Tangible Assets 2 increased by 2.2% to 139.4c per Ordinary share (31 December 2021: 136.4c) -- 100% of Q1 2022 rent collected -- First interim dividend for 2022 of 1.41c (GBp - 1.19p) declared, payable on 24 June 2022 -- Construction of Madrid Phase IV scheduled to complete in late Q2 2022, increasing portfolio valuation to EUR763 million, using agreed purchase price -- Agreement signed for the purchase of three French urban logistics assets , for EUR32.5 million, on completion of which the portfolio will comprise 16 urban logistics warehouses and 11 mid-box logistics warehouses -- Issue of new equity raising GBP38 million (EUR45.6 million) to support near-term acquisition strategy Evert Castelein, Fund Manager, abrdn, commented: "It is very pleasing to report another quarter of NAV growth. This reflects both the strength of the European logistics market and the high quality nature of our diversified, modern portfolio. "Logistics is a long-term growth story, fuelled by the acceleration of e-commerce across Europe, and increasingly the changes in how companies manage their supply chains. There continues to be an acute supply-demand imbalance across the entire European logistics market, with vacancy rates sitting at historically low levels and this is particularly true in urban areas where there is greater demand from other land uses. Our portfolio is also well positioned to benefit from rising inflation, with 70% of the portfolio's current income subject to full annual indexation."
riverman77: Looks good value here on a 6-7% discount - a 12% nav return (in eur) over the year is pretty solid. Share price probably hit by a combination of rising interest rates, sterling strength versus euro, and the capital raise, but I think this should do well over the medium term.
speedsgh: Fourth Interim Distribution - HTTPS:// abrdn European Logistics Income plc (LSE: ASLI), the Company which invests in high quality European logistics properties, announces its fourth interim distribution for the year ended 31 December 2021. The Directors have today declared a fourth interim distribution of 1.41 euro cents (equivalent to 1.21 pence) per Ordinary share, in respect of the year ended 31 December 2021. This fourth interim dividend will be paid in sterling on 25 March 2022 to Ordinary shareholders on the register on 4 March 2022 (ex-dividend date of 3 March 2022)... ... Of this fourth interim distribution declared of 1.21 pence per Ordinary share, 1.01 pence (equivalent to 1.18 euro cents) is declared as dividend income with 0.20 pence (equivalent to 0.23 euro cents) treated as qualifying interest income...
catch007: Added a few at 106.12p yesterday to my ISA. I believe the relatively poor take up of the latest fund raise will see some stability now and allow the share price to recover. Ian Cowie ststes on II today: I agree with his sentiments However, I know that I am not the only shareholder to be less than impressed by ASLI’s tendency to issue new stock that knocks the market price, as it did when the latter peaked at 130p last summer. No wonder City cynics claim that ASLI is better at gathering assets than growing shareholders’ capital.
cwa1: Disappointing relative to what they expected but possibly better than I had thought given markets and the ruling share price of ASLI. Could really do with some good news updates and a bit of decent publicity if they want to go back to the trough any time soon...
speedsgh: ASLI are looking to raise more funds at 110p, just 4 months after they raised £125m in an oversubscribed placing at 109p (initial target was £75m). The Company has an expected near-term funding requirement of approx €142m (c.£118m). The placing is also being made available to private investors via PrimaryBid. Investors in the placing will be entitled to receive the Q4 dividend to be declared in Feb 2022 (payable March). They also advise an estimated NAV increase of 1.5% for 3 months to 31/12/21. Proposed Placing under the Company's Share Issuance Programme - HTTPS:// PrimaryBid Offer - HTTPS:// The Company currently has an expected near-term funding requirement of approximately €142 million, comprising the following: · Drawings of €15.5 million under the Company's revolving credit facility, following the acquisition of Phases I-III of the Madrid portfolio · Construction of Phase IV of the Madrid portfolio, comprising the last-mile warehouse and delivery van parking station let to Amazon for a period of 25 years, is due to complete in Q2 2022. Additionally in Q2, the Company will fund a 2,900 sq. m. extension to the Waddinxveen asset in the Netherlands on a pre-let basis to the current tenant, Combilo, at an attractive yield-on-cost. The aggregate funding requirement for these two assets is approximately €78 million · The Investment Manager is at an advanced stage of due diligence on four assets, a mix of urban logistics and mid box distribution properties, currently under exclusivity. Three assets are located in France, on long-term leases with a French national third-party logistics provider, and one asset is located in the Netherlands let to a well-established food focused operator. All four assets currently have very low site coverage; and the Investment Manager anticipates attractive medium-term asset management opportunities, while benefiting from inflation-linked rental income. The aggregate funding requirement for these four assets is approximately €49 million⁵ The Investment Manager is concurrently performing due diligence on a further, early-stage pipeline of acquisition opportunities predominantly sourced by abrdn's local transaction teams.
speedsgh: Q2 2021 NAV and Second Interim Dividend - HTTPS:// GROSS ASSETS EXCEED €500 MILLION DRIVEN BY PORTFOLIO VALUATION UPLIFT AND NEW ACQUISITION 19 August 2021 - Aberdeen Standard European Logistics Income PLC (LSE: ASLI), the Company which invests in high quality European logistics properties, announces its unaudited quarterly Net Asset Value ("NAV") and dividend for the quarter ended 30 June 2021. Highlights · NAV per Ordinary share increased by 1.6% to 123.6c (GBp - 106.1p 1 ) (31 March 2021: 121.6c (GBp - 103.6p)), reflecting a NAV total return of 14.7% (in Euro terms) for the 12 months to 30 June 2021 · Portfolio valuation increased by 1.9%, or €8.7 million (on a like for like basis and using Lodz purchase price) to €473.9 million, reflecting further modest yield compression, and taking gross assets to over €500 million · 100% of the rent due for the quarter ended 30 June 2021 collected · €18.8 million acquisition of a modern urban logistics warehouse in Polinyà, Barcelona, Spain, completed in July 2021, further enhancing the Company's sustainability credentials and the portfolio's weighting to the high growth urban logistics sector · Portfolio now comprises 16 strategically located, modern and diversified European logistics assets across 5 countries · Long-term solar panel leases at the Company's Ede and Den Hoorn assets have delivered a capital uplift of approximately €1 million · The Company declares a second interim dividend of 1.41 euro cents (equivalent to 1.21 pence) per Ordinary share in respect of its financial year ending 31 December 2021. Acquisition of Sixteenth Asset In July 2021, the Company announced that it had completed on the acquisition of a modern urban logistics warehouse in Barcelona, Spain's second most populous city. The purchase price of €18.8 million reflects a net initial yield of 3.7% and net reversionary yield of 4.75%. This 13,907 square metre asset is located in the first ring of Barcelona, within a 25 minute drive (27km) of the city centre and is well positioned to benefit from the growth of e-commerce and the scarcity of development opportunities, which provides strong rental growth potential. The local market is characterised by a low vacancy rate of 3%, which falls to 1% for the first ring, reflecting naturally occurring land constraints, with the city surrounded by the sea and mountains. The asset is located on the Polinyà Logistic Park, a strategically positioned and highly consolidated industrial area just off the AP-7 motorway that connects Barcelona with France and the wider European market in the north, and to Zaragoza, Madrid and other key cities along the Mediterranean coast of Spain. The freehold asset, which was built in 2019 and meets modern specifications, is fully let to Mediapost, a subsidiary of LA POSTE Group, the French state-owned company, serving as its Spanish headquarters. The property offers a high-grade specification of c.11.5 metres clear height in the warehouse area, high quality office accommodation, 10 loading docks, LED lighting and a small solar PV installation which the Company will seek to enhance, making this a very sustainable investment. Accelerating e-commerce penetration and favourable demand supply dynamics offers rental growth potential at the first mutual break option in 2026 or at lease expiry in 2029, whilst rental income is indexed from 2023 onwards. This was the Company's third investment in Spain and its first in Barcelona, providing further diversification across the portfolio. The acquisition was funded using the Company's credit facility. Declaration of Second Interim Dividend The Directors have today declared a second interim dividend of 1.41 euro cents (equivalent to 1.21 pence) per Ordinary share, in respect of the year ending 31 December 2021 (31 March 2021: 1.41 euro cents). This second interim dividend will be paid in sterling on 24 September 2021 to Ordinary shareholders on the register on 3 September 2021 (ex-dividend date of 2 September 2021)... ... Of this second interim distribution of 1.21 pence per Ordinary share, 0.95 pence is declared as dividend income with 0.26 pence treated as qualifying interest income. Performance As at 30 June 2021, the Company's share price stood at 119.0p. For the 12 month period to 30 June 2021, the share price total return (with dividends reinvested) was 18.5% with the Company's net asset value total return over the same period 14.7% in Euro terms (8.3% in sterling terms). Despite the short term impact of a reduction in the value of the Meung-sur-Loire asset of €6.5 million due to the expected temporary vacancy, the overall unaudited portfolio valuation increased by a net €8.7 million or 1.9% (like for like and using the Lodz purchase price). Excluding the Meung-sur-Loire asset, this represents a strong portfolio valuation increase of 3.5%. Yield compression and considerable demand for logistics warehousing continues to drive valuations...
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