Urban Logistics Reit Share Discussion Threads

[trekker60] 14/10/2019 16:52

Not sure it's the sort of stock which will really 'fly' (although happy to be proved wrong!) but there may be a little nudge upwards. Still see it as primarily a good little income earner.

[belgraviaboy] 14/10/2019 16:16

Muted response so far - once it gets tipped it will fly

[cwa1] 14/10/2019 08:07

Joined the club this morning, had my eye on it for a while and it sounds like very solid progress so far to me-judging by that report.

[killing_time] 14/10/2019 07:54

Good start to the day :-)

[spectoacc] 14/10/2019 07:20

Excellent. Portfolio valuation up 3.8% over just 6 months.

Highlights

-- Portfolio valuation up 3.8% to GBP195.0 million on a like-for-like basis since 31 March 2019

-- Unaudited EPRA NAV up 5.2% to 145.2p per share since 31 March 2019

-- WAULT of 6.1 years across the portfolio (31 March 2019: 5.5 years)

-- 100% occupancy across 38 logistics properties

-- LTV (net debt) of 34.1% (31 March 2019: 33.7%)

[belgraviaboy] 14/10/2019 07:06

There we go:

145p NAV
34% LTV
100% occupancy

[belgraviaboy] 11/10/2019 17:02

Are we expecting a trading update next week?

There was one this time last year.

[hugepants] 01/10/2019 14:28

Correct, its actually 5% now. Well spotted, just testing

[spectoacc] 01/10/2019 14:18

Subtly different sectors too. Both have a propensity for further equity raises tho.

Thought WHR discount was a little higher than that?

[hugepants] 01/10/2019 12:05

Yes interesting.
SHED is on a 9% discount whereas WHR is on a 1% discount.
Yield is about the same at 5.6%
WHR is twice the size.
LTV for SHED is slightly lower as well at 33%

[belgraviaboy] 01/10/2019 11:49

My vote is for SHED as well - I believe the discount will close

[spectoacc] 01/10/2019 11:38

Oooh... SHED IMO, but it's more illiquid, slower moving. Hold both. WHR is a bit more bandwagon - SHED a bit more pro IMO.

[hugepants] 01/10/2019 11:36

Which one's the best. SHED or WHR !?

[killing_time] 26/9/2019 15:43

Tight spread at moment, 125.45 to buy.

[spectoacc] 23/9/2019 07:26

Looks good BUT chances of Tufnells still being in business in say 10 yrs time? SHED will have done their homework tho - they'll be decent assets.

[skinny] 23/9/2019 07:15

..

.

[trustman] 06/8/2019 08:30

Good to see Panmure Gordon appointed joint broker today.

[apollocreed1] 01/7/2019 18:46

I'd only sell this if it hit a ridiculous premium, like some of the infrastructure funds. I think it 's a very well-managed and defensive trust.

[spectoacc] 01/7/2019 08:12

Thanks, reads well, good to know why it's gone up this morning. I often sell into tips but SHED's a vLTBH for me.

Hopefully if/when another share placing, we either participate, or it's at NAV. SHED have always been surprisingly under the radar, perhaps due to size.

[eezymunny] 30/6/2019 09:52

www.mailonsunday.co.uk/money/investing/article-7195819/MIDAS-SHARE-TIPS-Urban-Logistics-company-specialising-called-mile-warehouses.html

[tomps2] 19/6/2019 09:11

SHED at Mello Trusts & Funds May 2019



Including their investment strategy, shown in some of their investments and a good overview of the market.

[spectoacc] 15/6/2019 07:54

I've always got inside and sometimes can buy in size when there's a seller around - but agreed, very much pot luck. Last time I looked about 40% of the shares were held by a handful of insts, & market cap just £110m.

[pyufak] 15/6/2019 07:51

I have followed this one for some time - but think if they increased the liquidity the share price would be trading at a premium or close to NAV as opposed to discount. I've tried to buy a number times in blocks of 25k and never been filled. Unfortunately, interactive brokers doesn't allow voice trading so can't ring up a market maker. However, i don't see why at this size, other REITS are fairly liquid but SHED is happy letting market makers sit 5-7 cent wide.