|F&C UK Real Estate Investment
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
F&C UK Real Estate Share Discussion Threads
Showing 1 to 4 of 25 messages
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|Found this morning's NAV RNS a bit disappointing. 3.4p drop over the qtr, of which 3.1p was drop in property valuation (or 2.3% ungeared - they've put a mix of p & % in the RNS, but near enough when it's trading close to a quid).
Yield's there, assets still good quality, gearing relatively low. But that seems a big drop over a mere quarter, when post-Brexit, property has seemingly suffered no fall at all (yet). The initial valuer's tank was soon recovered when actual transactions went through.
Sold my holding, has been a good ride, hope to get back in again in future. Would be happy with c.5.5% yield and a few % increase in property value every year - that makes for a nice return. Less enamoured with c.5.5% yield and (say) -5% NAV going forwards.
Will no doubt revisit FCRE again sometime - good luck holders. Think there's better value in other REITS at enormous discounts (but lower yields) for the time being.|
|Agreed, I like quiet. I think post brexit property fund scare out of the way I am happy to hold with a 5% yield.|
|Blackrock have increased their holding to over 5%, sounds like a vote of confidence to me. Very quiet from PIs on this one. Doesn't do much but pays a decent divi while waiting for some capital appreciation. The risk reward seems pretty reasonable to me.|
|Have this on watch, any views welcomed.|
Chat Pages: 1