Urban Logistics Reit Share Discussion Threads

[lovat scout] 24/5/2019 07:58

Great board and management team delivering good results from active portfolio management in a very promising sector. If SHED can get the NAV >£200m there may be a much wider investment audience to help it grow substantially.

AIMHO etc.

[spectoacc] 24/5/2019 07:05

SHED are my favourite small property REIT - not the most liquid, not the highest yield, but somehow the most skilled. I'd fancy them to see through a market downturn too, something I wouldn't necessarily expect the newer ones to do.

[skinny] 24/5/2019 07:03

.

Financial Highlights

· EPRA net asset value ("NAV") per share up 12.6% to 137.96p

· Portfolio valuation at 31 March 2019 of £186.4 million

· EPRA Earnings per share up 42.7% to 7.01p

· Second interim dividend declared of 4.02p per share making a total of 7.00p per share for the financial period, up 10.8%

· £20.4 million of equity capital raised from new and existing investors in April 2018

· Total Accounting Return (NAV + dividends) of 17.7%


Operational Highlights

· Seven logistics properties acquired for £48.0 million with asset management potential

· Disposals totalling £11.3 million, all at or above book value, representing average Total Property Return of 25.2%

· Portfolio fully occupied

· WAULT of 5.5 years (2018: 5.0 years)

· Low average rents of £4.83 per sq ft with significant upside potential. Rent reviews increasing rent by average 39.6%

more.....

[shauney2] 23/5/2019 16:57

Results tomorrow.I see MKLW got taken out by LMP.SHED are only a tiddler so maybe not so much interest.

[spectoacc] 17/5/2019 07:08

I know it's illiquid and not the best yielder, but SHED is my pick of the sector.

[skinny] 17/5/2019 07:05

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Urban Logistics, (AIM: SHED) the specialist UK industrial and logistics REIT, is pleased to announce that it has sold a site located on Postley Road, Bedford for £9.2 million realising a Total Property Return* of 74%.

The 85,012 sq ft site was purchased at the time of the Company's IPO in April 2016 for £5.5 million and comprises four industrial units together with a piece of development land. The development land, which the purchaser has an option to acquire if planning permission is granted (for £0.5 million), is not included in the disposal and will be retained by the Company.

The units, which have been sold to Apperly Estates Limited, are fully let with an average WAULT of 5.9 years. They have undergone extensive asset management, with new rents agreed at £6.52 per sq ft on Unit A and £6.26 per sq ft on Unit B.

[spectoacc] 09/3/2019 15:40

Well up, is my guess.

[lovat scout] 08/3/2019 20:05

Stenprop will eventually be a multi-let industrial estate portfolio whereas Shed is single tenant mid sized boxes. A different economic risk profile and I suspect Shed NAV will he written up next results

[apollocreed1] 07/3/2019 20:36

Isn't Stenprop doing the same as SHED? But Stenprop is on a 16% discount to NAV so looks cheaper than the 4.7% discount on SHED.

[sirgainalot] 16/2/2019 18:15

Thanks David for the information. I think the company's name is spelled wrong on that link you sent.

I still think SHED should be a much bigger company that it is. Just look at the success of TRITAX which is a similar theme (eCommerce, Online retail), but SHED specialises in small boxes not big boxes.

[davidosh] 16/2/2019 12:00

Just to let shareholders and potential holders know that Urban Logistics will be exhibiting and presenting at the MelloTrusts and Funds event on Wednesday 15th May and all are welcome to come and meet them plus hear from some of the excellent speakers and panelists taking part.....

[spectoacc] 31/1/2019 10:52

7p spread for MMs to shaft the tip readers. Fair, I suppose.

[shauney2] 31/1/2019 10:23

Thanks Claus.As always i wish i had more now.

[nimbo1] 31/1/2019 09:53

bit annoying as i had only accumulated 70% of my target holding - at least i started at 113 though.

[spectoacc] 31/1/2019 09:22

Ah-ha, thanks - wondered why the small buys.

[clausentum] 31/1/2019 09:08

Tipped by Questor in DT.

[nimbo1] 21/1/2019 07:31

I've got SHED, WHR, SLI and Regional Reit - worth looking at the update there this am - v strong lettings activity in contrast to the huge discount to nav and v high yield.

[riverman77] 19/1/2019 14:07

Great value in these industrial reits - got SHED, MKLW, SGRO & BBOX. Outside industrials also got AEWU, SUPR & PSDL.

[nimbo1] 16/1/2019 14:38

good point on ebox, doesn't look like a buy to me yet - its not like there is a chunky yield to fall back on there - they are buying expensive assets by historic standards and there is currency risk.

[skinny] 16/1/2019 14:37

I have BBOX, RGl, AEWU, WHR & LXI and looking at SHED & EBOX.

[spectoacc] 16/1/2019 14:14

Got SHED, RGL, AEWU here - wondering at what point EBOX is a long too.

[nimbo1] 16/1/2019 13:19

thanks - i bought 30,000 this am so not conviction but useful income! indeed there is a lot of choice. WHR is my largest holding in this space and I also bought SLI this am and some regional reit too. Nice income : )

[spectoacc] 16/1/2019 09:53

Been wondering about adding too - think NAV forecast at 135p for full year (subject to change!), decent yield, still doing everything they set out to do. WHR also had a nice dcb recently.

Plenty of options out there but SHED seem to be well run. Good luck.

[nimbo1] 16/1/2019 09:29

Just bought some at 112.75 - fingers crossed.

[spectoacc] 15/11/2018 08:18

129p+ NAV and from the sounds of it this morning, that'll be heading up again at next report.