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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Urban Logistics Reit Plc | SHED | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.60 | -1.66% | 153.80 | 16:35:24 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 157.00 | 154.20 | 157.00 | 153.80 | 156.40 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 07/11/2024 | Interim | GBP | 0.0435 | 05/06/2025 | 06/06/2025 | 20/06/2025 |
| 07/11/2024 | Interim | GBP | 0.0325 | 21/11/2024 | 22/11/2024 | 13/12/2024 |
| 09/11/2023 | Interim | GBP | 0.0435 | 27/06/2024 | 28/06/2024 | 19/07/2024 |
| 09/11/2023 | Interim | GBP | 0.0325 | 23/11/2023 | 24/11/2023 | 15/12/2023 |
| 11/11/2022 | Interim | GBP | 0.0435 | 29/06/2023 | 30/06/2023 | 21/07/2023 |
| 11/11/2022 | Interim | GBP | 0.0325 | 24/11/2022 | 25/11/2022 | 16/12/2022 |
| 23/06/2022 | Interim | GBP | 0.0435 | 30/06/2022 | 01/07/2022 | 22/07/2022 |
| 11/11/2021 | Interim | GBP | 0.0325 | 25/11/2021 | 26/11/2021 | 17/12/2021 |
| 09/06/2021 | Interim | GBP | 0.0435 | 17/06/2021 | 18/06/2021 | 02/07/2021 |
| 21/09/2020 | Special | GBP | 0.0325 | 08/10/2020 | 09/10/2020 | 23/10/2020 |
| Top Posts |
|---|
Posted at 05/6/2025 10:15 by gbcol I believe you normally get an RNS when the dividend and ex-dividend date is actually announced (as the one here on 23 May posted above). You don’t usually get a subsequent one to confirm it has actually gone ex-divi. |
Posted at 30/5/2025 09:48 by scruff1 Court to sanction takeover June 20. Cancellation of listing June 24 and new shares issued to shed holders same day. |
Posted at 27/5/2025 17:03 by giltedge1 LMP almost reached £2, pulling up SHED, our fortunes are now tied, good to have a strong bidder. |
Posted at 14/4/2025 15:38 by pyufak 145p - 42p cash and balance in LMP shares. Just sold a decent clip of LMP into Shed on the announcement to take a turn. The SHED I added Friday on announcment of approach should also do well .. always surprised how it doesn't react fully on the initial announcement |
Posted at 11/4/2025 13:32 by rimau1 Yes, Shed rns Adam. I have sold a few on the spike, Shed will not be interested in an opportunistic takeout and Londonmetric won't be offering anywhere near NAV. Bottom of the cycle unless its 1.50 forget it. |
Posted at 08/3/2025 15:59 by pyufak sold SHED late Friday on the news alongside WHR; decided to lock in a decent return in 3 months given I averaged in around 1.06 after the director buys. I like the REIT but choosing to recycle capital to other REITS, prefs and other markets as it no longer screens cheap to me vs. my benchmark of LMP (which got hit this week). I don't put as much weight on NAV as dividend yields, cover and leverage ratios.My view of the sector remains - subscale REITS will trade long term at large discounts until interest rates materially move lower and consolidation or wind up is needed. WHR rebuffing 110.5p which I thought was a good offer and the move by SHED on Friday seems set to resist a takeover or merger. I am flummoxed the largest shareholders of WHR agreed to not take the money and run. Continue to hold ASLI (largest holding), CLS Holdings (high income / high risk play) and LMP. |
Posted at 13/2/2025 07:16 by skinny Urban Logistics (LON: SHED), the only London listed REIT offering a focused exposure to single-let, last mile/last touch logistics real estate, has completed new lettings over five units, totalling 301,000 square feet of space and £3.0m per annum headline rent, since 30 September 2024.Two leases were over assets acquired in September 2024 for a total new headline rent of £1.3m per annum and a WAULT of 11 years. These leases generated a 7% uplift on target rental levels on acquisition. Three leases were over previously tenanted assets, for a total headline rental income of £1.7m per annum and a WAULT of 18 years. This asset management resulted in a like-for-like rental uplift of +46%, and ahead of external valuer's ERV. This letting activity reduces portfolio vacancy from 8.1% as at 30 September 2024 to 6.2%, on a proforma basis, with continued engagement over further leasing ongoing. Richard Moffitt, Investment Adviser CEO, commented: "Underlying demand for the Company's last touch logistics assets remains strong, as evidenced by the very positive like-for-like growth figures seen in this leasing activity, as well as the premium to ERV that these properties are commanding." "These transactions also evidence the high quality of the assets acquired at the end of 2024, and our ability to add value to them. Rapidly securing new tenants and adding significantly to annual rental income will drive immediate capital growth." These lease events include: Trax Park, Doncaster: · A 130,677 sq. ft. unit in Doncaster was let to Unipart Rail Ltd, a 5A2 covenant. · Contracted rent of £1.0m and a term of 10 years. · The asset was acquired in September 2024, and subject to a rent guarantee, and this letting reflects rental level 10% above the rent guarantee level. · The asset was refurbished, including ESG improvements and the installation of significant solar generation capacity. An improvement in EPC is anticipated at the next rating event. Hedge End, Southampton: · A 113,071 sq. ft. unit in Southampton was let to A.G. Parfett & Sons Limited, a 5A2 covenant. · Contracted rent of £1.3m and a term of 20 years. · The asset was vacated by the previous tenant and relet within the same financial year at a rent ahead of both previous passing rent and external valuer's ERV. · The asset was refurbished including significant ESG improvements. The EPC has been improved in this process from a C to a B. - Ends - |
Posted at 04/2/2025 20:32 by spectoacc SHED/LMP wouldn't be a good fit. Mind you, SHED tilted at API, and they're nothing like their usual Last Mile.WHR also not particularly similar to SHED's last mile stuff. Management will sell out SHED eventually, as they did previously, but not down here I think. |
Posted at 04/2/2025 17:30 by pyufak I had a lot of travel this weekend so was looking through a lot of reports from UK REITS or investment companies on heavy discounts. The more I looked at SHED the less I thought it suited with LMP's target long term triple net leases and so I am cooling on the idea that LMP take them. At the right price I am sure they would snap them up and recycle the portfolio but it just didn't seem to be the low touch portfolio LMP desires. SHED tilted to asset management rather than LMP is deploy capital in winning sectors on long leases and wait. I own SHED and think it is cheap but less sure of LMP's interest.Totally going on to shoot the breeze here - but would a better deal which I think the market would welcome be a merger of SHED and WHR. Both are trading at heavy discounts but a merger could allow more scale and resilience (hopefully better financing terms) and overhead cost savings. |
Posted at 01/2/2025 10:21 by rimau1 I've learnt from Ebox and API to ignore discount to NAV as a primary valuation metric. Key for me is Shed is valued at 13x forward earnings with plenty of income growth to come and a covered dividend yield of 7.5. That puts it at the top of any peer group. M&A is probable if Shed remains at these levels. Managed to average down but i had a high conviction when i first bought at 1.09 so i think its still a great buy with gilt yields falling and a likely base rate reduction next week. |
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