Abrdn European Logistics... Share Price (ASLI)

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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
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  -0.70 -0.92% 75.30 455,238 16:35:20
Bid Price Offer Price High Price Low Price Open Price
75.00 75.90 76.00 75.40 75.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 22.65 11.44 3.78 18.6 310
Last Trade Time Trade Type Trade Size Trade Price Currency
17:54:41 O 5,299 75.30 GBX
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Scottish Mortgage Invest... (SMT), M&g (MNG), Auctus Growth (AUCT), Energiser Investments (ENGI)

Abrdn European Logistics... (ASLI) Latest News

Abrdn European Logistics... News

Date Time Source Headline
12/1/202317:13RNSNONabrdn European Logistics Income plc Update research from QuotedData
07/12/202210:58UKREGabrdn European Logistics Income plc Company Secretary - Change of Name
05/12/202216:42UKREGabrdn European Logistics Income plc Change of Registered Office
01/12/202211:17ALNCNewsabrdn European NAV per share down, reaches new ING Bank debt agreement
01/12/202207:00UKREGabrdn European Logistics Income plc Portfolio Update and Unaudited Q3 2022..
24/11/202216:14UKREGabrdn European Logistics Income plc Third Interim Distribution
17/10/202211:26UKREGabrdn European Logistics Income plc Doc re. Half Yearly Report
11/10/202220:12ALNCNewsTRADING UPDATES: AssetCo net assets fall; VH Global seals deal
11/10/202206:00UKREGabrdn European Logistics Income plc Appointment of New Lead Fund Manager
05/10/202212:31ALNCNewsIN BRIEF: abrdn European buys two warehouses in France and Netherlands
More Abrdn European Logistics... News
Abrdn European Logistics... Investors    Abrdn European Logistics... Takeover Rumours

Abrdn European Logistics... (ASLI) Discussions and Chat

Abrdn European Logistics... Forums and Chat

Date Time Title Posts
13/1/202310:23Aberdeen Standard European Logistics Income plc253
24/8/201812:20Gross 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
2023-02-03 17:54:4675.305,2993,990.15O
2023-02-03 17:28:5075.8012,2449,281.44O
2023-02-03 17:28:5075.4252,63239,696.63O
2023-02-03 16:40:1975.3036,90027,785.70O
2023-02-03 16:35:2075.3021,59016,257.27UT
View all Abrdn European Logistics... trades in real-time

Abrdn European Logistics... (ASLI) Top Chat Posts

Top Posts
Posted at 01/12/2022 10:24 by hugepants
Yes NAV only down 1% although they do anticipate valuation "weakness" in the coming 12 months

https://www.investegate.co.uk/abrdn-euro-logistics--asli-/rns/portfolio-update-and-unaudited-q3-2022-nav/202212010700031525I/
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Posted at 24/11/2022 16:54 by cwa1
DECLARATION OF THIRD INTERIM DISTRIBUTION

24 November 2022 - abrdn European Logistics Income plc (LSE: ASLI), the Company which invests in high quality European logistics properties, announces its third interim distribution for the quarter ended 30 September 2022.

The Directors have today declared a third interim distribution of 1.41 euro cents (equivalent to 1.20 pence) per Ordinary share, in respect of the year ending 31 December 2022 (2021: 1.41 euro cents). This third interim distribution will be paid in sterling on 30 December 2022 to Ordinary shareholders on the register on 2 December 2022 (ex-dividend date of 1 December 2022).

The Company intends to declare quarterly interim distributions to Shareholders in respect of the quarters ending on the following dates: 31 March, 30 June, 30 September and 31 December in each year. Any such distribution 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 distribution declared of 1.20 pence per Ordinary share, 1.01 pence (equivalent to 1.19 euro cents) is declared as dividend income with 0.19 pence (equivalent to 0.22 euro cents) treated as qualifying interest income.

The interim distribution will be paid in sterling to shareholders on the register. However, shareholders are able to make an election to receive distributions in euros. The form for applying for such election can be obtained from the Company's UK registrars (Equiniti Limited) and any such election must be received by the Company's registrars no later than 5:00 p.m. on 2 December 2022.
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Posted at 11/10/2022 13:38 by speedsgh
HTTPS://citywire.com/investment-trust-insider/news/castelein-calls-it-a-day-at-abrdn-european-logistics/a2399572

... Numis Securities analyst Andrew Rees said the manager’s departure was a surprise but was unlikely to lead to a significant change in the fund’s focus on the ‘mid box’ and urban logistics parts of the logistics sector.

‘Although it faced some initial deployment challenges following launch, the fund has now built up a portfolio of 28 properties diversified across five countries,’ said Rees.

Like other Reits, ASLI shares have de-rated as red-hot valuations of warehouses and distribution depots in the aftermath of the pandemic have subsided in the face of rising interest rates. The shares have fallen 32% this year to 76.5p, 24% below their 100p flotation price in November 2017.

Even with dividends included that has left shareholders with a 4.7% total loss over three years. The decline puts the company on a 6% yield and 33% discount below net asset value, reducing its market value to £316m...
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Posted at 29/9/2022 14:47 by spectoacc
I fear we're reaching the point where the can can't be kicked much further - the road is running out. BoE meant to QT, instead QE's. Interest rates inexorably going up because inflation's in double figures. Gas price hitting consumer spending, and about to be joined by unaffordable mortgage repayments. Pound fallen, importing inflation. Truss & Kamikwasi in charge, and seemingly clueless. Public finances wrecked (the fuel price cap was necessary, but doesn't change the view that they're wrecked).

Inflation situation has taken stimulus off the table, as has loss of confidence in the £.

Plenty of ways things can turn out OK, particularly gas price diving or inflation falling fast, but I think the property crash is finally going to be upon us, & UK plc has relied on property to drive prosperity for yonks.

Relevance to ASLI? You'd think not much, but then other stockmarkets are tanking too, there's the same inflation problems elsewhere, and the same energy problem. We're in a cost-push inflation crisis, but starting from a point of hugely excessive debt after 14 years of ZIRP.

In maximum gloom terms, I well remember the FTSE going from 6,950 to 3,600. It took over 2 years.

And I'm far too long the REITs :)
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Posted at 29/9/2022 09:56 by alan pt
Confidence in the UK government probably wasn't helped by the manic statements that the turmoil was nothing to do with them and they were totally right about everything

Was really tempted to buy back into ASLI yesterday, but not quite brave enough (plus liquidity and spreads were not great generally)

I really like ASLI, I think it's a well managed trust in a great area, but I sold because I felt the market had turned against it. Unlike Truss & Kwarteng, I don't have an unshakable belief that when everyone disagrees with me, they must all be wrong!
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Posted at 29/9/2022 09:37 by giltedge1
Been travelling with work & didn't see carnage on Gilt Market. Yes ASLI is in a better position as follows Euro yield, a good 2% lower & seems safer at the moment, no debt renewals for 4 years & fixed at 1.66%, so in theory are gaining, debt gets marked down next quarter? & increasing NAV.
Price recovered yesterday as market realised not exposed. any UK Reit exposed to refinancing in next 12 months is obviously one to avoid as Gilts can go over 5%.
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Posted at 28/9/2022 16:52 by spectoacc
All about BoE and the bailout/renewed QE. Does seem even the ASLI's & EBOX's are trading on the UK yield curve.

Tho some of it could simply be the margined-out and imminently insolvent pension funds having to sell anything they could to meet the margin calls on LDI's. QE ought to have put a stop to that.

Definitely didn't think ASLI deserved to be down today on those results (not that I bought any).
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Posted at 28/9/2022 08:45 by giltedge1
No NAV went up in Euro's, gain on FX GBP/EURO, rents indexed linked & no refinancing. May have overpaid on last purchase Madrid, thought a bit toppy at the time. Last fund raising at £ 1.10 so not just retail investors, caught out big boys as well. My guess indiscriminate short selling, so hold our nerve & sit it out. Luckily I sold SREI & SHED at what is now a great price, but unfortunately reinvested half in ASLI,UKCM & PRS, so still have other half. So looking to add, but where is bottom?, these events take 6 months, so started in June, so looks like early December a turn around. Best to keep some liquidity & hoover up bargains.
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Posted at 23/8/2022 08:42 by giltedge1
Like to add more, great to have indexed linked rents, but share price falling, so will wait & see. I prefer USD/EUR investments at the moment GBP struggling & can only get worse.
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Posted at 10/8/2022 12:00 by speedsgh
Waddinxveen Extension and Lease Signing - HTTPS://www.investegate.co.uk/abrdn-euro-logistics--asli-/rns/waddinxveen-extension-and-lease-signing/202208100700064646V/

abrdn European Logistics Income plc (the "Company" or "ASLI") announces that it has signed the purchase agreement for the acquisition of the recently completed warehouse extension at Waddinxveen, the Netherlands, for a total net purchase price of €4.9 million.

The Company exercised its right of refusal over this development located directly adjacent to the existing warehouse bought in 2018. This land, owned by and developed with our tenant Combilo, has provided an additional c. 2,400 sqm of cooled warehouse space and 157 sqm of office space. The extension will allow Combilo to service its growing client base, including a Swedish supermarket chain. The lease runs concurrent with the original, with over 11 years remaining, and will generate additional rent of c. €250,000 per annum, reflecting a yield of 5%. The extension complies with the latest energy neutrality standards in the Netherlands and includes 16 rooftop solar panels, resulting in an A+++ energy rating.

This asset management initiative is expected to be immediately value accretive and enhances the income producing qualities of this modern, well located asset.

In addition, the Company is pleased to announce that it has agreed a new 5 year lease with ADER at Unit 3, part of Phase II at its Gavilanes site, Madrid. ADER provides distribution services to companies in the freight and logistics sector and is consolidating its operations in the Gavilanes area with the leasing of this second, 7,375 sqm building. The annual contracted rent of almost €470,000 per annum is fully CPI indexed and in line with expectations.

Evert Castelein, Fund Manager for ASLI, commented: "Supporting our tenants as they expand is a key part of our strategy. This is another example of how flexibility and the option to extend buildings within our portfolio can create additional value over the medium term."

"The new lease with ADER not only improves the portfolio's income characteristics, but also underscores the desirability of the Gavilanes assets, which offer access to c. six million people across the wider Madrid area."
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