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SHED Urban Logistics Reit Plc

109.20
-1.60 (-1.44%)
18 Nov 2024 - Closed
Delayed by 15 minutes
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
  -1.60 -1.44% 109.20 1,688,252 16:35:03
Bid Price Offer Price High Price Low Price Open Price
109.40 109.80 114.00 108.40 114.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 60.1M 24.74M 0.0524 20.92 522.95M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:59 AT 14,436 109.20 GBX

Urban Logistics Reit (SHED) Latest News

Urban Logistics Reit (SHED) Discussions and Chat

Urban Logistics Reit Forums and Chat

Date Time Title Posts
18/11/202417:06Urban Logistics REIT973
08/9/200908:44SHEDS..........AKA..............................HUTS.49

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Urban Logistics Reit (SHED) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-18 16:35:59109.2014,43615,764.11AT
2024-11-18 16:35:10109.206,8127,438.70AT
2024-11-18 16:35:10109.204,3724,774.22AT
2024-11-18 16:35:07109.201,3441,467.65AT
2024-11-18 16:35:07109.203,0283,306.58AT

Urban Logistics Reit (SHED) Top Chat Posts

Top Posts
Posted at 18/11/2024 08:20 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 110.80p.
Urban Logistics Reit currently has 471,975,411 shares in issue. The market capitalisation of Urban Logistics Reit is £517,285,050.
Urban Logistics Reit has a price to earnings ratio (PE ratio) of 20.92.
This morning SHED shares opened at 114p
Posted at 18/11/2024 15:17 by rimau1
I agree, i like Dore in the renewable IT space. Shed is on my watchlist though, i would guess SGRO might have a go at these levels but an all paper offer would not be very attractive. Once API completes i may take a few here
Posted at 18/11/2024 14:49 by spectoacc
It is a bit weird tho - the higher-for-longer's been clear for a while, and Trump has been clear since at least the first week after the election, when the scale of the idiocy of his appointments became known.

I'm a buyer - not yet of SHED, but certainly of the renewable ITs.
Posted at 16/11/2024 13:53 by spectoacc
Back to the deductibility of interest, & inclined to agree.

Thought there'd be 3 or 4 extra CT bands, and possibly a first revaluation since 1991, and think that may still be coming. Is a way to bail out councils - adult social care etc.

But a lot just seems broken. Adult social care (this has to be paid for/contributed to, but no politician will grasp the mettle), child social care (far more needed post-Covid and can cost a council £5k/week for a problem child), the NHS (not sure there's an answer to 5.5m waiting for ops, crumbling buildings, or an on-the-sick bill forecast to reach £100bn). There's no easy answer to asylum claims, despite what everyone thinks - if there were, it would have been done - but £6.5bn a year for housing is preposterous.

It's very tough at the bottom - I know people on UC & just imagine how much rent alone eats up - but there needs to be a system that doesn't penalise work. If you do a couple of hours a week at £10/hour you lose 45% of it being deducted from your benefits. Short hours are the route back to full employment, it shouldn't be penalised.

Could go on at some length but the Tories grossly under-invested to try to keep the show on the road, and Labour are proving inept & clueless. Why you'd cut the WFA for borderline breadline pensioners only they know, but twice that amount has been missed by not putting 5p back onto currently cheap fuel.

Bottom line, of course, is don't start from here, with massive debt-to-GDP and interest bill taking up an increasing share of tax receipts.

But we are where we are, and it needs productivity/enterprise/a shrinking State to give us any chance. Labour are offering none of that, pretty much the opposite, and whilst they're going to splurge the spending I've no confidence in it being money well spent, any more than the Tories' HS2.

Things are cheap, SHED and many ITs, but can't help feel they're cheap for a reason.

@Wc104 - I've been struggling to know how to play it, but will look up the TLT Puts - what strike/dates are you buying?
Posted at 06/11/2024 16:38 by guest16
Indeed, BBOX has underperformed the sector even more than SHED. As a SHED holder I take some solace from that.
Posted at 24/10/2024 20:03 by 8w
Have dropped SHED a line, see if they get it sorted. Cant help the share price when PI's can't buy
Posted at 05/9/2024 12:22 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 21/5/2024 14:57 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 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!
Urban Logistics Reit share price data is direct from the London Stock Exchange

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