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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
  -0.50 -0.29% 173.00 172.50 173.50 173.50 173.00 173.50 88,639 08:00:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 24.2 47.6 21.7 8.0 562

Urban Logistics Reit Share Discussion Threads

Showing 426 to 450 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
05/11/2021
09:11
The NIY's being achieved here seem significantly higher than those for competitors
makinbuks
05/11/2021
07:14
GBP29m of logistics assets acquired at a NIY of 6.7%. https://uk.advfn.com/stock-market/london/urban-logistics-reit-SHED/share-news/Urban-Logistics-REIT-PLC-GBP29m-of-logistics-asset/86471402 Urban Logistics, (AIM: SHED) the specialist UK logistics REIT, is pleased to announce the acquisition of three assets in October for a total consideration of GBP29.0 million at a blended net initial yield (NIY) of 6.7%. The assets include two income producing assets providing immediate additional revenue and the forward funding of a development project. As a result Urban Logistics has now committed or deployed GBP132 million of capital following its July equity raise (5.8% weighted NIY), with c.GBP23 million of further investments in advanced stages of contractual progress. The Company has also recently announced a new pipeline of over GBP400 million of high-quality logistics assets, utilising the Company's extensive proprietary network to source attractive off market deals. Richard Moffitt, Chief Executive, commented: "These assets are excellent additions to our fast growing portfolio, and demonstrate our team's continuing ability to source well priced, high quality assets off market at favourable terms. As we move towards our Main Market listing on the London Stock Exchange, we remain committed to our proven strategy to acquire medium sized last mile logistics assets, in key locations, with excellent transport links. Our properties are all key to our tenants' operations, and we seek to add value through active asset management and improvements in environmental performance." Acquisitions Driffield This is a 137,962 sq. ft. facility let to Premier Modular Ltd, a leading modular building manufacturer, until 2032. It was acquired for GBP8,350,000 at a NIY of 6.44%. Spennymoor This is a 239,867 sq. ft. warehouse at Spennymoor, near Durham. The unit is let to Stanley Black & Decker, who have a long association with the area, and this warehouse is adjacent to their manufacturing plant. The purchase price paid was GBP8,650,000 at a NIY of 8.19%. Andover A 121,078 sq. ft. vacant warehouse unit on the Walworth Industrial Estate near Andover. The building is situated close to major roads in an area with a very low vacancy rate and with growing rental levels. It will undergo a comprehensive redevelopment while being marketed, aiming for a NIY of 5.8%, at a total cost (including refurb costs) of GBP11,950,000. - Ends -
skinny
03/11/2021
11:01
The next fundraise coming alongside uplist I reckon given the price action
nimbo1
25/10/2021
10:46
Positive comment on Stockopedia
jbarcroftr
25/10/2021
10:40
Death and tax are the only certainty
jbarcroftr
25/10/2021
10:19
If a 15% annual return was certain I'd lock that in right now : )
nimbo1
25/10/2021
09:05
Yes and if they push it hard the yield drops.I think they need to keep the yield at 5% plus But on a five year view they should be giving a total annual return of 15% which should attract the institutions
jbarcroftr
25/10/2021
08:47
Have a spreadsheet, but would be conservative with any uplift... Given how recently a lot of these have been purchased it's harder to argue that fair value is say £5m when you paid £4m a couple of months before.
dhoult12
25/10/2021
07:54
Anyone care to speculate on the likely level of NAV at the next update?
cwa1
25/10/2021
07:53
Not long to wait then :-)
cwa1
25/10/2021
07:52
After the next NAV update would be my guess.
nimbo1
25/10/2021
07:51
When do we expect the next fundraise then?!
cwa1
25/10/2021
07:26
Big boxes are fine but the leases are normally very tightly drawn more opportunity for management initiatives on smaller units and Shed has 91 of them
jbarcroftr
25/10/2021
07:11
It's the main market move that excites me on this. Also hold BBOX which trades at a much higher premium yes there's some fundamental differences between the two but a lot of that spread is a lot of funds won't touch anything off the main list as it's not liquid enough. This moves on can see some decent interest from income funds etc.
dhoult12
25/10/2021
06:19
Interesting thing about today's (very positive) trading update is that they mention some rental rises coming through at 18%, and this is just the same figure that Segro gave last week for its very large boxes. Also preparing move to main market. FT article yesterday, "Britain could run out of warehouse space within a year" - https://www.ft.com/content/c1e7b270-c6c6-4904-90a2-57f3e6ef963c - but it didn't distinguishe between small and large sheds.
jonwig
21/10/2021
16:20
Yes those are impressive yields in the current market
makinbuks
20/10/2021
15:12
Looks very good
jbarcroftr
20/10/2021
15:12
Looks very good
jbarcroftr
20/10/2021
14:54
Urban Logistics, (AIM: SHED) the specialist UK logistics REIT, is pleased to announce the acquisition of two assets for a total consideration of £15.1 million at a 6.0% net initial yield (NIY). The assets include one income producing asset providing immediate additional revenue, and a forward funding development project. Circa. £50 million of further investments are in advanced stages of contractual progress and are expected to be completed in the near term at a 6.2% NIY.
stlyrza
05/10/2021
16:01
And of course an interim dividend announcement
jbarcroftr
05/10/2021
15:44
They still have approx 50 million ( including debt ) to invest I would expect news on that soon, plus a rent collection update SHEDs stated ambition is to move up to the main market so I would expect notice of that with the half year report and then a further fund raise
jbarcroftr
05/10/2021
09:40
Last placing was only a short time ago and very successful, I don't see an issue with another one if they have more investments lined up
makinbuks
01/10/2021
12:13
Last annual accounts suggest a series of placings in medium term with aim to join the main list once sufficient size is reached. On exact timing of those, no idea, but the bbox one was ludicrous in terms of how the market reacted in the exactly the same time there would have been a leak..
dhoult12
01/10/2021
10:10
Placing actually coming here or selling due to the fear of one.
matt123d
30/9/2021
09:58
Down move on BBOX over last week partly due to the whiff of that fundraise announced late yesterday and completed yesterday evening. hTTps://www.londonstockexchange.com/news-article/BBOX/result-of-issue/15154686
metis20
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
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