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Share Name Share Symbol Market Type Share ISIN Share Description
Urban Logistics Reit Plc LSE:SHED London Ordinary Share GB00BYV8MN78 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 1.53% 133.00 130.00 136.00 133.00 131.00 131.00 1,084,873 14:26:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 12.6 9.4 10.0 13.4 251

Urban Logistics Reit Share Discussion Threads

Showing 226 to 249 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
05/6/2020
15:13
For a share in a Covid sweet spot (not to mention a Brexit warehouse demand sweet spot), seems harsh that they're below highs. Plenty of definitely affected shares pushing or through highs.
spectoacc
05/6/2020
14:16
If all the June rents come in I expect the share price to creep back up to 137 p Then in July and August more acquisitions- including debt they have about 100 million to spend.
jbarcroftr
05/6/2020
13:39
It might just have done so. There is no large offer in the market right now for the first time in some days. Unless the offer was merely dodging the US jobs report (which no one understands just now - the number was completely unexpected).
chucko1
05/6/2020
12:19
There's a large seller on the offer - has been for a while now (most likely Allianz). Eventually, this will pass.
chucko1
05/6/2020
12:03
Questor surprised SHED aren’t higher.So am I.
jbarcroftr
03/6/2020
07:06
Allianz Global Investors GmbH 5.45% ----> 4.88%.
skinny
30/5/2020
15:15
Had a flick through their remaining European stuff - some care homes, stand alone retail units and mixed used stuff. No stopping centres other than a small mixed use shopping centre. It’s definitely not high quality stuff - they got very lucky selling their largest European asset in March.
nimbo1
29/5/2020
16:52
Whats the retail? Would imagine the 81% pay rate means 95% on logistics and about 20% on the retial. Assuming this is shopping centres etc others are trading at 30% of previously stated NAV.
dhoult12
29/5/2020
15:23
Gearing is low when you take into account restricted cash - c20percent. Not sure why the cash restricted though Im not saying its a buy - I bought some but because it looks like a trade going into results.
nimbo1
29/5/2020
15:09
I've always shied away from multi-let, but agree everything has its price. Much would seem to depend on what they do with the cash, particularly with gearing already not low. Not convinced STP a better bet than eg AEWU (or AIRE), but in same ball park.
spectoacc
29/5/2020
15:06
yes Im sure shed portfolio higher quality tenant wise - however its not on a 40% _ discount to nav! results next week so could be interesting.
nimbo1
29/5/2020
15:04
@nimbo1 - not looked at Stenprop in yonks, tho I see they only collected 81% of qtrly rent at last report? vs eg SHED 100%. That was 5th May, am sure it's higher now but they haven't RNS'd it.
spectoacc
29/5/2020
14:33
Im posting here on stenprop as no-one follows is. NAV is 145p. They have loads of cash as sold their largest portfolio asset in Europe march 2020. 55% of NAV is in UK logistics / industrial. 25% Cash and rest 'stuff' in Europe including care homes, some retail etc. Surely its a good buy sub £1? Results in a few days and would be interested to hear thoughts if anyone has any.
nimbo1
29/5/2020
14:01
It is liquid at the moment. Can buy and sell in more than 50k blocks....
nimbo1
29/5/2020
13:56
No real volume going through today. Am a bit surprised this hasnt become more liquid since the raise. Expect it might gap up/down in a few days.
dhoult12
29/5/2020
10:50
I hold both
skinny
29/5/2020
10:32
Both the portfolio and management better at SHED IMO - but I would say that :)
spectoacc
29/5/2020
09:47
There is still a keen seller out there this morning. Many different buyers including myself (adding). Tight bid-offer, so you can do what you like here which is rare for SHED. With 10yr rates at an Earth-shattering 0.20%, about 60bps lower than in January, that should see the instrinsic value of SHED at around 150p. The successful (somehow) issue at 137.5p is now more than underpinned with this report and they also still have significant cash with which to pick further spots in the market and cover their likely 6% dividend yield. Looks pretty good vs. the 5.15% of WHR, especially as many feel the portfolio of SHED is marginally(?) preferable.
chucko1
29/5/2020
09:28
@SpectoAcc the results are to end of March as is the NAV which is just after the cash raise. They have £132m of cash against £209m of investment property. That amount of cash is going to have a pretty dampening affect on NAV movemement!
dhoult12
29/5/2020
07:39
Happy to hold for sure. Collected all the June rent. Logistics really the only property sector for solid income. (If one is after some of that!) This should trade at nav or a premium like whr. I think nav will start to move forward - there is lot of money in property and this Sector is the only one to invest in at the moment imo.
nimbo1
29/5/2020
07:30
Mostly all good - if I've one disappointment it's the NAV, which I'd expected about 145p by now. But drag from purchase costs, little getting revalued upwards, & the LTIP vesting (which I've not looked at), so fair play.
spectoacc
29/5/2020
07:23
Results for the Year Ended 31 March 2020. Financial Highlights § £136 million of equity capital raised in March 2020 § EPRA NAV 137.90p per share (2019: 137.96p) reflects the fundraise and early LTIP crystallisation § Portfolio valuation at 31 March 2020 of £207.0 million § Dividends for period up 8.6% to 7.60p § Total Property Return 10.1% § Net cash of £57 million at period end Operational Highlights § Nine logistics properties acquired for £20.7 million (blended 6.4% NIY) with asset management potential § Disposals totalling £18.4 million, all at or above book value, representing average Total Property Return of 49.6% § Limited void at period end of 2.4% § WAULT of 4.9 years (2019: 5.5 years) § Like-for-like contracted income growth across portfolio of 3.4% Post period end § £98 million of acquisitions across two portfolios, one distribution warehouse and one development site § All rents due for the quarter to June 2020 were collected in full § Credit approval for new 5-year banking facility at reduced margin § Tenants continue to trade well with only two sites not fully operational due to Covid-19 more.....
skinny
28/5/2020
22:58
I think your 12% is going to be 13% before too long! WHR is on fire and most believe this one to be a better bet. For me, though, I like liquidity and SHED is a little tricky on that score. WHR is easy.
chucko1
28/5/2020
16:57
Cash was raised at what 138p? so shouldn't be such a drag at this point. Hoping for a decent uplift tomorrow - despite that raise increasing the size there is not tons of liquidity in this
dhoult12
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