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SHED Urban Logistics Reit Plc

107.00
-1.00 (-0.93%)
13 Dec 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
  -1.00 -0.93% 107.00 2,523,602 16:35:01
Bid Price Offer Price High Price Low Price Open Price
106.60 107.00 108.60 106.40 108.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 60.1M 24.74M 0.0524 20.34 509.73M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:47:10 O 36,866 108.00 GBX

Urban Logistics Reit (SHED) Latest News (2)

Urban Logistics Reit (SHED) Discussions and Chat

Urban Logistics Reit Forums and Chat

Date Time Title Posts
13/12/202415:32Urban Logistics REIT1,020
08/9/200908:44SHEDS..........AKA..............................HUTS.49

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Urban Logistics Reit (SHED) Most Recent Trades

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Urban Logistics Reit (SHED) Top Chat Posts

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Posted at 15/12/2024 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 108p.
Urban Logistics Reit currently has 471,975,411 shares in issue. The market capitalisation of Urban Logistics Reit is £503,125,788.
Urban Logistics Reit has a price to earnings ratio (PE ratio) of 20.34.
This morning SHED shares opened at 108.60p
Posted at 08/12/2024 16:56 by skyship
Opportunistic perhaps with SHED so low.

SHED a tad concerned perhaps as over the last 5 days declared they hoovered up 2.25m of their own stock.
Posted at 07/12/2024 16:58 by skyship
I agree with EI that LMP may well come for SHED. In any event SHED looking good value down at 110p, so bought a few on Friday.

I agree with Specto that a bid would surely have to be more than 125p. 135p might succeed. c23% up from where we are now!
Posted at 04/12/2024 07:38 by rimau1
Agreed, 33percent discount to Nav so 125p all share would be sweet enough in my view. Albeit Nav is a pointless metric it is a lazy broad brushed guide for me. Shed is a sitting duck and a 7percent dividend whilst we wait. I have bought more with API proceeds, I just don't see any material stock specific downside.
Posted at 03/12/2024 21:13 by essentialinvestor
LMP aim to have logistics at 50% of overall portfolio by their year end.

In logistics, which is their highest conviction sector, they see urban logistics/last mile as offering the best returns.

Given LMP currently sells on less than a 3% discount to NAV, a SHED all share offer around £1.25-35..?.

The later is speculation only, however LMP reiterates they are looking to continue to acquire.
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.
Urban Logistics Reit share price data is direct from the London Stock Exchange

Urban Logistics Reit Frequently Asked Questions (FAQ)

What is the current Urban Logistics Reit share price?
The current share price of Urban Logistics Reit is 107p.
How many Urban Logistics Reit shares are in issue?
Urban Logistics Reit has 471,975,411 shares in issue.
What is the market cap of Urban Logistics Reit?
The market capitalisation of Urban Logistics Reit is GBP 509.73 M.
What is the 1 year trading range for Urban Logistics Reit share price?
Urban Logistics Reit has traded in the range of 104.20p to 131.00p during the past year.
What is the PE ratio of Urban Logistics Reit?
The price to earnings ratio of Urban Logistics Reit is 20.34.
What is the cash to sales ratio of Urban Logistics Reit?
The cash to sales ratio of Urban Logistics Reit is 8.37.
What is the reporting currency for Urban Logistics Reit?
Urban Logistics Reit reports financial results in GBP.
What is the latest annual turnover for Urban Logistics Reit?
The latest annual turnover of Urban Logistics Reit is GBP 60.1M.
What is the latest annual profit for Urban Logistics Reit?
The latest annual profit of Urban Logistics Reit is GBP 24.74M.
What is the registered address of Urban Logistics Reit?
The registered address for Urban Logistics Reit is CENTRAL SQUARE, 29 WELLINGTON STREET, LEEDS, LS1 4DL.
What is the Urban Logistics Reit website address?
The website address for Urban Logistics Reit is www.urbanlogisticsreit.com.
Which industry sector does Urban Logistics Reit operate in?
Urban Logistics Reit operates in the REAL ESTATE INVESTMENT TRUST sector.