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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
|
|
|---|---|---|---|---|
| -1.60 | -1.44% | 109.20 | 16:35:03 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 114.00 | 108.40 | 114.00 | 109.20 | 110.80 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 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 |
| 10/02/2020 | Special | GBP | 0.0385 | 05/03/2020 | 06/03/2020 | 21/04/2020 |
| Top Posts |
|---|
Posted at 18/11/2024 15:17 by rimau1 I agree, i like Dore in the renewable IT space. Shed is on my watchlist though, i would guess SGRO might have a go at these levels but an all paper offer would not be very attractive. Once API completes i may take a few here |
Posted at 18/11/2024 14:49 by spectoacc It is a bit weird tho - the higher-for-longer's been clear for a while, and Trump has been clear since at least the first week after the election, when the scale of the idiocy of his appointments became known.I'm a buyer - not yet of SHED, but certainly of the renewable ITs. |
Posted at 16/11/2024 13:53 by spectoacc Back to the deductibility of interest, & inclined to agree.Thought there'd be 3 or 4 extra CT bands, and possibly a first revaluation since 1991, and think that may still be coming. Is a way to bail out councils - adult social care etc. But a lot just seems broken. Adult social care (this has to be paid for/contributed to, but no politician will grasp the mettle), child social care (far more needed post-Covid and can cost a council £5k/week for a problem child), the NHS (not sure there's an answer to 5.5m waiting for ops, crumbling buildings, or an on-the-sick bill forecast to reach £100bn). There's no easy answer to asylum claims, despite what everyone thinks - if there were, it would have been done - but £6.5bn a year for housing is preposterous. It's very tough at the bottom - I know people on UC & just imagine how much rent alone eats up - but there needs to be a system that doesn't penalise work. If you do a couple of hours a week at £10/hour you lose 45% of it being deducted from your benefits. Short hours are the route back to full employment, it shouldn't be penalised. Could go on at some length but the Tories grossly under-invested to try to keep the show on the road, and Labour are proving inept & clueless. Why you'd cut the WFA for borderline breadline pensioners only they know, but twice that amount has been missed by not putting 5p back onto currently cheap fuel. Bottom line, of course, is don't start from here, with massive debt-to-GDP and interest bill taking up an increasing share of tax receipts. But we are where we are, and it needs productivity/enterpr Things are cheap, SHED and many ITs, but can't help feel they're cheap for a reason. @Wc104 - I've been struggling to know how to play it, but will look up the TLT Puts - what strike/dates are you buying? |
Posted at 15/11/2024 20:34 by spectoacc Indeed @EI - she's failed to meet my low expectations. I've had several debates with people telling me how enormously bright she is - junior chess champion, BoE economist, HBOS - yet she seems to lack even the basics (suspect true of BoE economists in general). I don't understand how she/Labour can be in opposition so long, yet have no discernible plan, idea, or clue.Trump has the potential to be far, far more damaging than the market thinks, & infuriating how the market (IMO) is mis-reacting. They hear "Tax cuts! Deregulation! Re-shoring!". But what I see is the potential for another GFC. None of that particularly relevant for SHED, other than economic growth becoming increasingly hard to come by. Think that's true whether I'm right or wrong on Trumpism. |
Posted at 15/11/2024 16:52 by spectoacc I'd be moderately confident with Morrisons, much less so with ASDA.SHED does look cheap IMO. Mind you, so do a lot of other things. |
Posted at 07/11/2024 15:32 by spectoacc I've long been a fan of SHED, the management are godo & that's not to be underrated, but with everything going on, they look good value here rather than cheap. Opportunity Cost is too big a consideration atm. |
Posted at 07/11/2024 10:26 by lefrene Certainly a very able team when it comes to trading properties, and they are working hard at delivering a decent dividend. If property is your thing, this looks a better bet of getting income from property, than messing with all the hassle of a 'buy to let' house rental.EI I suspect you are correct. "QuotedData's view: The manager has made encouraging steps in delivering on its priority to grow earnings and achieve a fully covered dividend. Capturing rental growth within its portfolio, where it attained a 21% uplift in rents on lease events in the period, is the manager's bread-and-butter. It is also undertaking an asset recycling programme, under which it acquired four properties in the six months, utilising capital released from the refinancing of a portion of its debt. Further portfolio recycling can be expected, and post period end the company sold a 'core' asset for £7.7m at a 4.65% net initial yield and bought a vacant asset in Dunstable for £3.6m, where the manager completed a letting between exchange of completion resulting in a net initial yield of 7.1%. If this blueprint can be replicated, the positive impact on earnings will go a long way to achieving a covered dividend." |
Posted at 07/11/2024 09:55 by williamcooper104 With BBOX you've got better growth prospects via their huge land bank plus you've got better management with a better balance sheet On an EPRA EPS basis BBOX aren't that more expensive than SHED The one thing you shouldn't judge them on is who has the higher divi yield |
Posted at 06/11/2024 16:38 by guest16 Indeed, BBOX has underperformed the sector even more than SHED. As a SHED holder I take some solace from that. |
Posted at 24/2/2024 08:21 by ammons Cant post the graphs in the FT article, sorry. Its dated 21 Feb==================== UK’s scramble for sheds could be the start of a deals boom. Deals could beget deals, with bigger companies meaning increased share liquidity which should broaden investor appeal "Men in sheds” usually refers to British retirees discussing gardening. A more active group is shaking up London’s listed property sector. There has been a flurry of share-based takeovers focused on warehousing space. Urban Logistics REIT, whose stock ticker is SHED, is the latest to pounce, launching a counter-offer for Aberdeen Property Income Trust this week with aims to create a vehicle worth £800mn. Commercial property is in the spotlight because of the turmoil that writedowns on US offices are causing lenders. Higher interest rates have slashed valuations across the sector. Industrial property values and logistics in particular are about a quarter lower since the pandemic-era boom in demand. But the scramble for sheds is a sign that the cycle is nearing its trough. Shares in Segro reflect the decline — they are down about two-fifths since the start of 2022. Smaller peers have performed little differently but ambitions of replicating Segro’s success as the largest UK Reit need one thing; scale. Hence consolidation. Before the Urban Logistics offer, API was considering a lower bid from Custodian Property. It was low enough, in fact, that some API shareholders were pushing for the fund’s liquidation over a sale. Other deals are in the offing. LondonMetric’s all-share offer for LXi REIT, at the start of the year, will bring the urban logistics owner together with LXi’s diversified portfolio with a market value of just under £4bn. Tritax Big Box, which owns larger out-of-town sheds, has agreed to buy UKCM to become the fourth-largest UK Reit worth about £4bn. Simply sticking property assets together doesn’t create much value; Green Street’s Rob Virdee thinks Tritax is overpaying given that UKCM’s more diversified portfolio may not fit well with its specialism. But deals could beget deals in this sector. Bigger companies mean increased liquidity in the shares, which should broaden investor appeal. Higher valuations will be important in an expected wave of dealmaking, says Paul May at Barclays. Assets equivalent to the size of the European-listed sector could come to market this year as private owners, including pension and insurance funds, bail out of commercial property. Private equity firms in particular are expected to shift out of less attractive property assets as funds approach their end dates. This would reverse trends of the low-rate era whereby assets moved from public markets to private owners. The winners should be those with the ability to raise equity more cheaply: greater scale translates into lower costs of capital and improved prospects. Unlike offices, the fundamentals of the warehouse market look solid in terms of demand for space and rental levels. That should mean plenty more action for the City’s men in sheds. |
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