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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 126.00 | 2,059,955 | 16:35:02 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 125.80 | 126.20 | 127.20 | 124.20 | 124.20 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 60.1M | 24.74M | 0.0524 | 24.01 | 594.69M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:36:32 | O | 88,880 | 126.70 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/9/2024 | 07:00 | UK RNS | Urban Logistics REIT PLC Performance Update: Debt Refinance & Acquisitions |
| 12/8/2024 | 13:40 | UK RNS | Urban Logistics REIT PLC Director/PDMR Shareholding |
| 24/7/2024 | 17:52 | UK RNS | Urban Logistics REIT PLC Result of AGM |
| 01/7/2024 | 10:12 | UK RNS | Urban Logistics REIT PLC Notice of Annual General Meeting on NSM |
| 20/6/2024 | 12:50 | UK RNS | Urban Logistics REIT PLC QD Newswire - FY Results Analysis |
| 20/6/2024 | 11:29 | ALNC |  Urban Logistics REIT swings back to profit as rental income rises |
| 20/6/2024 | 07:00 | UK RNS | Urban Logistics REIT PLC Results for the Year Ended 31 March 2024 |
| 12/6/2024 | 07:00 | UK RNS | Urban Logistics REIT PLC Appointment of Non-Executive Director |
| 07/6/2024 | 11:19 | UK RNS | Urban Logistics REIT PLC Presentation via Investor Meet Company |
| 05/6/2024 | 07:00 | UK RNS | Urban Logistics REIT PLC Notice of Full Year Results |
Urban Logistics Reit (SHED) Share Charts1 Year Urban Logistics Reit Chart |
|
1 Month Urban Logistics Reit Chart |
Intraday Urban Logistics Reit Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 18/9/2024 | 21:52 | Urban Logistics REIT | 909 |
| 08/9/2009 | 09:44 | SHEDS..........AKA..............................HUTS. | 49 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-10-04 15:36:33 | 126.70 | 88,880 | 112,610.96 | O |
| 2024-10-04 15:35:03 | 126.00 | 7,937 | 10,000.62 | O |
| 2024-10-04 15:35:02 | 126.00 | 357,558 | 450,523.08 | UT |
| 2024-10-04 15:29:56 | 125.80 | 125 | 157.25 | AT |
| 2024-10-04 15:15:02 | 125.80 | 228 | 286.82 | AT |
| Top Posts |
|---|
Posted at 04/10/2024 09:20 by Urban Logistics Reit Daily Update Urban Logistics Reit Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker SHED. The last closing price for Urban Logistics Reit was 126p.Urban Logistics Reit currently has 471,975,411 shares in issue. The market capitalisation of Urban Logistics Reit is £593,745,067. Urban Logistics Reit has a price to earnings ratio (PE ratio) of 24.01. This morning SHED shares opened at 124.20p |
Posted at 17/9/2024 07:01 by skinny Urban Logistics (LON: SHED), the only London listed REIT offering a focused exposure to single-let, last mile/last touch logistics real estate, announces that it has successfully implemented a refinancing of its existing £151 million debt facility and immediately deployed the majority of the net refinancing proceeds into a number of highly attractive acquisitions:· Refinancing of existing £100 million term loan and £51 million revolving credit facility with a £140 million term loan and a £50 million revolving credit facility · Attractive fixed rate of 4.48% until August 2025 and 4.98% until maturity in 2027 · Deployed the net proceeds of the refinancing into four high quality assets for a total purchase price of £42.2 million at a blended NIY of 6.6% · Spread between acquisition NIY and cost of debt provides immediate EPS accretion · Potential for further income and total return enhancement through identified asset management initiatives · Small increase in pro forma LTV to 32.6% leaving the company modestly geared and with the benefit of 100% fixed rate or hedged facilities |
Posted at 05/9/2024 13:22 by giltedge1 SHED has not participated in recent REIT rally. NAV 1.60, share price should be about 1.40. Lack of news & externally managed holding share price back. |
Posted at 20/6/2024 09:37 by nickrl Lightweight RNS but at least they have uploaded full report to the website at same time so gets thumbs up. This is one of teh few where you can have some belief that the reversion is realisable too many of the others try sell themselves on that aspect but never realise year after year but keep on the stuck record. A fair amount of debt due in 2025 which they say they are on with so is going to be around 6% on a swap i would surmise. So interest bill will be up slightly if not more as they say they have a fair few assets on the acquisition radar but demonstrate even at 6% would be earnings accretive.On the finances income was up but was pretty neutralised by the interest charges to leave FFO pretty unchanged hence the divi isn't moving. Then there was 700k bill for the API debacle yes a one off but at least they have done the hard work on what API assets they would want if the price was right. So id share price is pretty fair currently based on near term view but they do have a nice bunch of well run assets which could easily be merged with someone else and remove all the oh's. |
Posted at 21/5/2024 15:57 by essentialinvestor I mentioned the possibility of LMP bidding for SHED at some point, BBOX and Segro 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. |
Posted at 11/4/2024 10:27 by essentialinvestor Just looking at this for a possible buy.Could the recent Segro capital raise be a factor in the SHED price weakness..more capacity to come on market..?. Or because of the aborted merger with API, investors have concluded SHED will now remain a relatively small Trust, while some others continue to grow. The above may be too rudimentary a view. |
Posted at 14/3/2024 08:31 by spectoacc Either SHED raise, which they'd be mad to after their share price reaction, or it's CREI's or wind-up.Will be an interesting split vote - some for SHED, many for CREI, suspect plenty preferring wind-up. Fingers crossed that SHED walk, dcb, and I can sell :) API ought to have given up the ghost at least a year ago IMO. |
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. |
Posted at 22/2/2024 01:24 by essentialinvestor As expected not the brutal CREI (post announcement) share price reaction and this makes some sense, given SHED's greater size.IF CREI attempted to improve terms their share price would likely tank again, so to me that looks a zero sum game. Unless there are yet more developments, SHED very likely gets API. Advisers must be laughing with the fees spent. CREI and API had already completed respective due diligence. Costly, eh. |
Posted at 21/2/2024 11:44 by skyship Early indications surely suggest that SHED may turn out the winner here. Their share price down "only" 5% on the news; whereas CREI still down 13% even after today's relief rally with buyers assuming they will withdraw to lick their wounds.API shareholders being sold out by their BoD; as the API portfolio is a good one. Note what SHED think: "Attractive API portfolio of c. £315m(3) of assets in Industrial and Retail Warehouses. Urban Logistics knows these assets well from its day-to-day market appraisals and would have bid on all or any one of them had they come up for sale privately..." At 121p for SHED the bid is worth 56.7p for API. Makes API a great buy at 52.6p as now not only trading at a 7% discount to the SHED terms; but also an outside chance of someone else joining the game. A cash offer would be nice! |
Posted at 21/2/2024 08:32 by spectoacc @scruff1 - UKCM looks a given, with Phoenix support, unless BBOX shareholders say no.API I don't think will fall to SHED or CREI - why would API shareholders give the co away, at a discount, to REITs with falling share prices. But the issue is that neither BBOX nor SHED can be trusted now. Aways felt SHED had the best management in the business, perhaps second only to SGRO's. Now they can't be trusted (must admit had a wobble with them on the Tufnells buys, and sold out then, but had since returned). |
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