Urban Logistics Reit Share Discussion Threads

[essentialinvestor] 30/5/2024 12:47

I'm hoping we can take out the £1.22 area which opens the way for further gaines.

Wider equity markets and gilts have a bearing.

[essentialinvestor] 21/5/2024 15:57

I mentioned the possibility of LMP bidding for SHED at some point, BBOX also a strong possibility.

IF the SHED share price powers ahead this is less likely.

Hopefully an opportunity to add a few lower down over the summer months.

[williamcooper104] 17/5/2024 19:12

Don't need to be trading above NAV just at a higher multiple than SHED LMP and SGRO plus a load of US REITs clearly are (see GPOR did a discounted rights issue in the GFC to buy stuff that was super cheap) Plus SHED is externally managed so an internally managed reit can get synergies/cut costs significantly

[essentialinvestor] 17/5/2024 17:59

Either the discount narrows significantly/or LMP punce using their highly rated shares to svoop SHED up.

LMP might be trading Above NAV now

[essentialinvestor] 16/5/2024 18:07

I'm mostly out of SHRS now and looking to build a larger position here.

Hoping to grab a few on a bad day.

Problem with strong markets is it takes everything up.

A tad more difficult to uncover bargains.

[essentialinvestor] 16/5/2024 10:15

And agree under £1.10 will not be seen again, barring something leftfield.
Made this point already elsewhere.

[essentialinvestor] 16/5/2024 10:07

Read through the presentation, but not much new?.

The only elements that struck me is they are minded to (likely the decision already made) increase gearing to buy new assets.

The recycling out of lower yielding property/to buy higher yield is also a key part of their strategy, provided SHED are not sacrificing quality of holdings in the process - balancing act I suppose, so the vacancy rate needs to be watched.

[spectoacc] 16/5/2024 06:53

Thanks @nickrl, agreed, barring something geopolitical.

IMO the bottom's in for a lot of stocks now. Not sure if it was new ISA season cash, or wages finally outstripping inflation, or the many t/o's giving managers more to invest, but feels as if the 35-month long exit of money from the market may be ending (or reducing).

FTSE100 reflecting/bolstering that too.

Market also finally woken up to Higher For Longer.

In the curious corner is continuing strength in gold.

[nickrl] 15/5/2024 18:19

Presentation mainly a regurgitation of previous info but tells us that NRI is increasing by potentially 3m although only 1.8m secured so far. Also good to see that dealing with the 25 debt is in hand and at a lower margin but will likely overall cost more if they try and fix it now.

Sub 110 was a nice entry price doubt we will see that again.

[gbcol] 15/5/2024 17:20

Link below to the presentation referred to in this morning’s RNS (for Capital Markets event)

HTTps: //www.urbanlogisticsreit.com/media/bgtgusfn/cmd-presentation_.pdf

EDIT: can’t post the link like usual so you will have to take out the 2 spaces after HTTps - ADVFN must have changed something recently on how you post links. Normally it works if you just change https to HTTps or similar but didn’t for this.

[scruff1] 15/5/2024 07:49

Be interesting to see if this stirs up any enthusiasm

[essentialinvestor] 02/5/2024 08:54

Lovely few days here, recent price an absolute steal.

[giltedge1] 22/4/2024 09:04

SP stable & rising this morning. Looks like last weeks weakness due to IFA,s selling, okay if its not your hard earned money. SHED has great fundamentals NAV, DY & low debt. Also manager has sizeable holding.

[williamcooper104] 20/4/2024 10:34

Indeed Plus either it gets closer to NAV or it gets taken over

[giltedge1] 20/4/2024 09:27

Added at £1.08, low vacancies 2 left at update, 1 under offer Vacancy reversions over 20% when relet. NAV around £1.60. New lettings usually long leases 10 years as tenants want to secure business premises unlike offices. Seems very good value.

[essentialinvestor] 17/4/2024 11:58

UK 10-yr @ 4.30%, YTD high.

Little wonder sector SP's are flagging.

[essentialinvestor] 17/4/2024 10:37

Statement about as strong as you could hope for, but friendless for now.

It's got to be rising yields weighing.

Nice to see occupancy rate improve.

[nickrl] 17/4/2024 10:27

Nice reversion being realised is a real positive that NRI will grow here albeit slowly but enough to keep divi covered and with potential for an increase.

[lefrene] 17/4/2024 09:08

Plainly a well managed and focused company in what has for now has become an unpopular sector. Worth watching.

[igoe104] 17/4/2024 07:32

Very positive numbers. Unbelievable to see these at these levels...

[spectoacc] 17/4/2024 07:11

"Urban Logistics (LON: SHED), the only London listed REIT offering a focused exposure to single-let, last mile/last touch logistics real estate...".


Only just, pal, only just. Interesting addition of the word "focused" tho.

Edit: BERENBERG REINITIATES URBAN LOGISTICS REIT WITH 'BUY' - PRICE TARGET 142 PENCE
(Copy/paste, apologies for caps).

[essentialinvestor] 16/4/2024 16:43

Yup, we could wake up to more troubling ME news on any day, Israeli retaliation, then it becomes a cycle.

Around a 34% discount to NAV allows for a good deal of the current backdrop - however if widet markets sell off it's likely available lower down.