Urban Logistics Reit Share Discussion Threads

[spectoacc] 22/6/2023 07:17

I've searched in vain for a reference to Tufnells in those results?

[giltedge1] 16/6/2023 06:19

I sold on reading Tuffnells woes will buy back at some stage, like the company, all Reits being hit by rise in Gilts.

[nickrl] 12/6/2023 17:39

That entity was always a risk so they must have bought them with a view of what they could do with the sites. Anyhow according to Beeb operations suspended majority of staff out of a job so clearly not even viable to trade. Wasn't in the top 10 of tenants and sad though it is for staff affected at least it gives a prop to those left trading.

[dhoult12] 12/6/2023 16:55

Note here ref 9% of rent roll in 2019, expect that to be diluted since then.


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[jbarcroftr] 12/6/2023 14:22

I think about 15 mill cost,although there was a vendor rent guarantee I believe

[giltedge1] 12/6/2023 14:16

Just read Tuffnell's in administration, I understand a tenant of SHED, anyone know what exposure?, obviously not good news.

[williamcooper104] 16/5/2023 10:13

If they get that reversion over 5 years and exit at a 5 cap then they ought to get about 11 un-levered returns - call it 10 after management fees

[nimbo1] 16/5/2023 08:49

Interesting to see BBOX buying an urban logistics asset and paying 4.5% NIY even if the reversionary yield is much higher.

'We have acquired "Junction 6 Industrial Park", one of the UK's leading urban logistics estates of scale, for £58.5 million, complementing our investment portfolio

4.5% net initial yield, with significant near-term income growth opportunity reflected in 6.7% reversionary yield'

[epicwarlock] 09/5/2023 14:13

Thanks for posting the link to the update JohnwigThe blended yield Vs cost of the new agreements at 7.7% seems very healthy (assuming full costing)Might anyone know what that figure is at the full portfolio level?

[epicwarlock] 09/5/2023 13:53

Same here with those same two shares, Scruff ?

[scruff1] 09/5/2023 09:52

No doubt interest rate hike causing the excitement

[scruff1] 09/5/2023 08:33

I thought that about Lloy and BP. It seems the order of the day now on the LSE if the news is good then drop the price. Its perverse

[jonwig] 09/5/2023 07:15

Trading update. Brief but good -

[gbcol] 14/4/2023 07:31

Thanks for the link. Funnily enough I added 10% or so to my holding yesterday a I am broadly of a similar view and believe it will be a good medium/long term hold.

[jonwig] 14/4/2023 07:08

Questor picks SHED -

[giltedge1] 24/1/2023 11:07

Good update, positive momentum good to see major tenants Tuffnell's & Smith News give good updates on their businesses. A solid yield & one to add.

[nickrl] 23/1/2023 11:18

An update that certainly indicates things are more rosy than the wider economy would suggest but how much of these are deals that were in play before isn't clear. Anyhow nice chunk of extra rental income.

[igoe104] 23/1/2023 08:24

30% discount to the NAV, fund redemptions have hit the sector, good time to take advantage of the big discount..

[igoe104] 23/1/2023 08:16

Singer buy note.

[spectoacc] 23/1/2023 07:36

I really like SHED, and rate the management, but do wonder if buying things on a 6% yield really reflects the end-of-ZIRP reality we're in.

Pre-ZIRP, those yields were 10%+. Has the end-market changed that much? Maybe - demand clearly still there - and 6% better than the nearer 4% of last year - but still.

Not currently a holder.

[igoe104] 23/1/2023 07:22

Good update.

[igoe104] 12/12/2022 08:43

As far as I know, they are new facilities, so they are negotiating lease stage with some..

[spectoacc] 12/12/2022 08:38

Missed that, thanks. Why is WHR's vacancy rate so high? Eg 100% occupancy at EBOX, vs 93.3% even after this morning's lettings at WHR.

But agree warehouse/industrial/last mile still the place to be, albeit on a different valuation to before.

[igoe104] 12/12/2022 08:31

Good update from WHR, the demand for warehouse space is still in high demand...