Ediston Property Investm... Share Discussion Threads

[badtime] 23/8/2021 12:12

Took a nibble at 71.7 ..better late than never

[spectoacc] 23/8/2021 11:39

Only downside I can see is the offices they've got for sale - will they get the price (ideally NAV or more)?

Haddington done on time and budget, and let on 8% yield.

Can't see another lockdown but if one comes, we know retail parks do OK :)

[chucko1] 23/8/2021 10:53

Decent seller the past few days. Not so much in great size, but more than makes up with indecent haste!

Also picking up a fair wad myself.

Delta worry? Slowdown in retail sales? Take your pick.

[spectoacc] 23/8/2021 09:53

Decent seller today, been getting well inside. More than happy to pick up EPIC on weakness, divi's next move will be up.

[catch007] 18/8/2021 08:58

I see this running to 80p in due course and have it as an add position in my portfolio at present. I have also been adding to my RECI holding excellent yield and no defaults in the portfolio.

[marktime1231] 17/8/2021 23:36

But even if these things do not come to pass more than happy with a 6.7% yield which the last report confirmed was comfortably covered by rental income.

[catch007] 17/8/2021 17:57

I added at 68p and then 72.5p recently. Haddington is doing very well and will I believe add to NAV as the valuation is upgraded. Full income flow from the retail site as I recall circa £895k per annum so assisting dividend growth, a good sustainable tenant spread should see few if any short term voids.

[marktime1231] 17/8/2021 16:32

Doubled up this afternoon at just under 75p, I agree that we can expect progress in NAV, share price and dividend back to 5.5p ere long.

[trcml] 17/8/2021 10:59

I realise the share price currently is some 10p less than last reported NAV. However, the dividend hasn't kept pace with inflation.

[hindsight] 16/8/2021 13:15

Thanks nickrl

[playful] 16/8/2021 12:44

Thanks nickrl

[nickrl] 16/8/2021 10:40

I see CREI have sold on a retail pk in Galashiels for 67% more than latest book value. Not that far from Haddington so ought to give that site a boost at next valuation.

[spoole5] 12/8/2021 11:23

Ex div today

[playful] 09/8/2021 20:01

It is local to me and very popular..

[spectoacc] 09/8/2021 14:22

Is not a bad little retail park, that one - not exactly out-of-town, modern, decent space. Still footfall during lockdowns.

But no idea on yield they're paying - likely pretty low.

[fenners66] 09/8/2021 14:19

Find out who the institution is then , and sell them....

[jombaston] 09/8/2021 12:49

Interesting interview, thanks.

LMP selling a retail park at 15% premium to March 31 book value. Sale to an unnamed UK institution.

[hindsight] 08/8/2021 11:43

Thanks rambutan2

[skyship] 07/8/2021 21:09

RAM - thnx for that...

[rambutan2] 07/8/2021 20:14

I thought the manager of BPCT made some worthwhile comments on the retail warehouse sector in this interview (from 19mins):

[skyship] 07/8/2021 10:38

Header updated and the excellent Kepler Trust Intelligence report added.

[skyship] 06/8/2021 21:06

5.5p is a given. So at 74p the yield is an attractive 7.43% and the discount 15.1% to the Jun'21 valuation of 87.19p.

[marktime1231] 06/8/2021 12:23

I am in here today as an income investment in my SIPP at just over 74p.

It feels the balance of risk/reward whether retail parks will thrive is about right (we won't all be buying carpets or sofas or garden furniture online?), and the management team seem to actively be working on the portfolio after opportunities like drive-thrus. It was this or RGL a bet on demand for regional office working.

The carrot of a further restoration of yield together with the boost that will give to NAV is what tempted me, there could be a couple of increases in the year ahead. The last report said rent payments and arrears collection were improving, and current dividends are already well covered. What could we see, 5.5p pa or 0.4583 pcm again would be well over 7% yield. Until the share price climbs back to 100p anyway.

This replaces RDI REIT in my retirement income portfolio, so I am now exposed to property again, and this is another monthly payer to go alongside SMIF.

[ramellous] 03/8/2021 07:13

Link to the new Kepler research note.