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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ing Uk | LSE:IRET | London | Ordinary Share | GB00B0LCW208 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 52.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 52.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 14/11/2023 | 14:05 | RNSNON | Picton Property Income Limited Results analysis from Kepler Trust.. |
| 02/10/2023 | 07:00 | RNSNON | Picton Property Income Limited Kepler Trust Intelligence: New Research |
Ing Uk Real Estate Income Trust (IRET) Share Charts1 Year Ing Uk Real Estate Income Trust Chart |
|
1 Month Ing Uk Real Estate Income Trust Chart |
Intraday Ing Uk Real Estate Income Trust Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/6/2011 | 18:46 | High-yielding property trust at a good NAV discount | 61 |
| 29/10/2010 | 12:50 | Expensive way of investing in property | 270 |
| 05/9/2008 | 10:20 | ING UK Real Estate Income Trust | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 30/3/2011 11:59 by skyship IRET will announce results for the 12 months ended 31 December 2010 on:# Tuesday 5 April 2011. |
Posted at 22/12/2010 19:12 by envirovision Shoved my money back into IFD whilst its still around the 39p mark. Fantastic dividend yield there >9% PA trading reasonable discount to NAV and have little doubt that some stage 2011, it will zoom back to 46p as it did last September.I also note anothet holding of mine at recent highs again today, IRP. Nice yield there too, but discount to NAV not as great albiet it debt situation slightly better. All fun and games, still dont understand what drove the IRET price here, answers on a post card. |
Posted at 22/12/2010 10:06 by praipus Can anyone tell me if the IRET mentioned in this RNS is the same as IRET here?Also what is the EPIC for the Z's? |
Posted at 16/12/2010 11:49 by skyship Interesting statement from IRET today. It has helped the share price continue its upward path since its recent breakout through the 47p resistance. Target looks to be 52p, at which level the yield falls to an uncovered 7.7%. The NAV discount falls to c12%.Personally I screwed this one up when I decided to go 25% liquid a month ago; and one of my sales was IRET @ 47p after they went XD. Allowed myself to be put off after that covered/uncovered divi debate. My fault. Took a turn but missed out on a larger one. If I were holding now I would be looking to sell and to switch into larger discount plays such as MCKS & TEIF. |
Posted at 16/12/2010 11:02 by tiltonboy I'm sure they won't mind me posting their summary:Oriel View: Since we initiated coverage of IRET in November of last year the share price has made no progress, whilst the NAV has moved from 48.5p to 59p. As we highlighted in our Funds Commentary last week (07.12.10), the Oriel Real Estate team sees significant headwinds for the UK commercial real estate sector going forwards and in our view, internalisation, whilst being helpful, is largely tinkering at the edges. With leverage still high (at over 100% of NAV) and with no particular focus on prime property, we continue to prefer F&C Commercial Property (FCPT; ADD). |
Posted at 06/11/2010 11:28 by skyship Sleepy - seems as though you are right. I also rec'd the same answer to my email to Helen Stott @ IRET . The Merrill Lynch surrender premium is reported as being in excess of £4m versus the other operating income figure declared as £4.875m. The property is due to have been refurbished and back on the market about now; so available in quite a strong letting market. Still, I reckon there has to be a recurring shortfall there; and even with the Rugby income it does look as though the IRET dividend will be uncovered at 4p per annum. That said, they've just reaffirmed the qtly 1p divi, so the annual 4p looks safe IMO. Pity - perhaps a BUY / STRONG HOLD rather than a committed BUY. That said - 8.5% is still pretty attractive and there does seem to be underlying support, so I still see these higher, though will taper my enthusiasm until the income aspect is clarified with the Feb'11 Prelims... |
Posted at 05/11/2010 19:39 by jonwig This might help clear up the question of "other operating income" - posted on the RUSP thread:jonwig - 5 Nov'10 - 18:17 - 526 of 528 edit SKYSHIP - [...] By the way, off topic. I've been looking at IRET and noted the point a poster made on your thread about large "other operating expenses". I'm convinced these have something to do with accounting for the acquisition of the Rugby REIT and will be recurring. I e-mailed the company about this but they haven't replied. I'd really like this cleared up before I put any money there. AlanJI - 5 Nov'10 - 19:20 - 527 of 528 jonwig - it is "other operating income" not expenses and I also emailed the co and got a reply: "The £4m+ 'other operating income' refers to the surrender of the lease at Farringdon. This is mentioned on page 7 of the accounts under offices. I have copied and pasted below for your information. Other notable transactions include the surrender of Merrill Lynch's lease of 50 Farringdon Road, London, EC1 with the tenant paying the Company a surrender premium in excess of £4 million. The building is now to be refurbished to provide Grade A office accommodation. The refurbishment is expected to be completed by the end of 2010, which we believe will be good timing in terms of attracting a tenant in an improving central London occupier market." I am hoping to do an analysis of dividend cover shortly but it is pretty complicated. My guesstimate is that the div is 75% covered. jonwig - 5 Nov'10 - 19:30 - 528 of 528 edit Alan - yes, it's income, my misprint. I searched the last accounts but didn't find that. The fact that the 4p divi is uncovered is, as you say, likely. However, will a similar rental income replace it post-refurbishment? Also, I'm not clear about how much the Rugby REIT acquisition will contribute. It's just in a bit of a fluxious state ... but then what property companies aren't - ever? [...] |
Posted at 30/10/2010 23:16 by sleepy I am a substantial holder of IRET and similar investments. I unfortunately do not have the time to study these in as much depth as I would wish.However I stand by my previous posts. Note that the last interim results include substantial "other operating income" which looks pretty one-off to me. |
Posted at 20/9/2010 19:31 by skyship ING UK Real Estate Income Trust "IRET"ING UK Real Estate Income Trust Limited is a closed-ended investment company, domiciled and incorporated in Guernsey and listed on the London & Channel Islands Stock Exchanges. The Company invests in property in the UK, the Isle of Man and the Channel Islands. The Property Portfolio is managed by ING Real Estate Investment Management (UK) Limited, a member of the ING Banking Group. On 20th Sept'10, the date of the launch of this new thread, IRET stand at 45p versus a 30th Jun'10 NAV of 59p (23.7% discount); and on a well-covered 4p dividend (paid qtly) the yield = 8.9%. Sentiment is currently wholly anti the sector, mainly due to the supposed threat of wholesale Bank sales at some near-term date; but the quest for yield during the regime of a 0.5% Base Rate might well make this a good buying opportunity. IRET appears to be a well-managed group, with powerful friends, yet arguably the shares offer a significant under-valuation. WEBSITE: Interim Report for the 6months to 30th June 2010: Extract from Chairman's Statement: Your Company has had a strong start to 2010, reporting a 7% rise in underlying Net Asset Value per share over the period. In addition, and differentiating it from many of its competitors, the emphasis on cashflow has ensured that we have delivered a fully covered dividend over the period, despite the ongoing challenging conditions of the underlying occupier markets. Most notably, during the period we announced and completed the successful takeover of Rugby Estates Investment Trust Plc, the first takeover of a REIT by an offshore company since the UK REIT legislation was introduced. This transaction has further enhanced the underlying property portfolio, in a manner that was accretive to Net Asset Value for our existing shareholders...." Industry STATS: Link to an ADVFN commercial property thread "CP+": |
Posted at 27/8/2010 15:32 by skyship This is an extract from the Chairman's statement with yesterday's Half-yearly report:==================== Most notably, during the period we announced and completed the successful takeover of Rugby Estates Investment Trust Plc, the first takeover of a REIT by an offshore company since the UK REIT legislation was introduced. This transaction has further enhanced the underlying property portfolio, in a manner that was accretive to Net Asset Value for our existing shareholders, and as a result of the transaction I am also pleased to be able to welcome new shareholders to our register. The acquisition has provided the Company with exposure to a number of quality assets, with existing finance arrangements in place and at a price that reflected an approximate 19% discount to the Net Asset Value. We believe this was a more attractive entry route for the Company than the direct market, which has seen considerable competition for good quality assets. In addition, the consideration, which included innovative zero dividend preference share financing, has provided cashflow benefits to the Company during a time when a flexible capital structure is needed to manage the risks remaining within the occupier and wider capital markets. ==================== NOW - I know I'm a stale bull, BUT, could IRET repeat the coup by starting to build a stake in surely the only other REIT of comparable size. I refer of course to MCKS. There has been a persistent seller regardless of the falling price, so providing an excellent opportunity for a potential acquiror who is prepared to patiently accumulate. Meantime, at 46p IRET are now yielding 8.7% on a 22% NAV discount. Certainly attractive; but I suppose in a Risk Intolerant market they could continue to drift. Watching & waiting for a lower top-up..... |
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