Share Name Share Symbol Market Type Share ISIN Share Description
Warehouse Reit LSE:WHR London Ordinary Share GB00BD2NCM38 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00p -2.94% 99.00p 99.00p 100.00p 100.00p 99.50p 100.00p 55,912 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts - - - - 164.34

Warehouse Reit Share Discussion Threads

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Good to see a big director buy. Neil Kirton, Chairman, bought 175,000 shares in the company on the 13th March 2018 at a price of 100.00p. The Director now holds 200,000 shares
Warehouse REIT (LON:WHR) Given New GBX 120 Price Target at Peel Hunt. Warehouse REIT (LON:WHR) had its price objective raised by Peel Hunt from GBX 118 ($1.63) to GBX 120 ($1.66) in a research report released on Monday, February 5th. The brokerage currently has a buy rating on the stock
Not doing things by halves! Who has got the best of the deal, WHR or Hansteen? Slight drop in HSBC's rate over LIBOR for the (much enlarged) loan is a plus too. What odds an early fundraise?
Excellent Update. Warehouse REIT plc (the 'Company' or 'Warehouse REIT') TRADING UPDATE & DIVIDEND ANNOUNCEMENT DELIVERING ON FOCUSED STRATEGY, AS SET OUT AT IPO Warehouse REIT plc (LSE: WHR), the AIM-listed specialist warehouse real estate investor, today provides a trading update for the period since the Company's Admission to trading on the London Stock Exchange on 20 September 2017 to 30 January 2018. In line with the dividend policy set out at IPO, the Company is today declaring its maiden interim dividend of 1.00 pence per share. The Company remains on track to deliver a dividend of 5.5p for the year ending 31 March 2019, in line with objectives set out at IPO. The 1.00 pence per share dividend payment will be made on 9 March 2018 to shareholders on the register as at 9 February. The ex-dividend date will be 8 February 2018. Highlights over the period: - On Admission, completed the acquisition of the seed portfolio of 27 freehold and long leasehold warehouse assets for GBP108.85 million, reflecting a 7% net initial yield. - Since IPO, a further GBP54 million invested across 14 UK warehouse estates totalling 1.1 million sq ft, let to a diverse range of occupiers and reflecting a 7.6% blended net initial yield. The properties' low average passing rents of GBP4.44 psf present an opportunity to grow rental income to bring in line with ERV, while a combined 7.7% vacancy rate provides further growth prospects. - 19 new lettings completed, generating annual rent of GBP778,000 pa, ahead of ERV. Of these transactions, 13 were new lettings of previously vacant space (generating GBP371,000pa) with the balance being renewals. - Five new lettings of 45,790 sqft of vacant space currently under offer for a combined rent of GBP284,000 pa, 10% ahead of ERV. - Notice has been received to exercise a lease break from six tenants, representing combined passing rents of GBP304,000 pa, or GBP3.63 psf as compared to an ERV of GBP4.07 psf, providing an opportunity to increase revenue. In the majority of instances, the tenant is vacating due to the Company's inability to accommodate their demand for additional space. - New and enlarged financing facilities totalling GBP65 million secured with HSBC which, if fully drawn, would crystalise an LTV of less than 30%. - Strong pipeline of attractive investment opportunities identified, including a mix of single assets and portfolios, exhibiting similar characteristics to the current portfolio. Neil Kirton, Non-Executive Chairman of Warehouse REIT, commented: "We have made solid progress in terms of delivering against our strategy for Warehouse REIT, with the business's performance since IPO exceeding our expectations. At this early stage of the Company's life, we are pleased to be assembling a portfolio of multi-let UK urban warehouse assets aligned to the Investment Strategy, demonstrating the sourcing abilities of our experienced team. Letting activity continues to proceed at levels ahead of our business plan. Furthermore, with an active pipeline of new investment opportunities under review, we are confident in our ability to deploy our remaining IPO proceeds ahead of initial forecasts
from the listing doc there is one due around now and another one before may from memory
Has anyone any dividend information please ?
Took some gains from mr market and bought in here - for some steady income and a little growth. Easy to think these floats are top of the market stuff - but this sector is underpinned by strong demand for urban logistics space are WHR's holdings are purchased below the cost of replacement in many cases. So should be ok, plus 2 divi's coming up in the next few months.
Tremendous acquisition. Warehouse REIT plc (the 'Company' or 'Warehouse REIT') Warehouse REIT acquires seven-asset industrial portfolio for £18.25 million Warehouse REIT, the specialist warehouse investor, announces that it has exchanged contracts to acquire a portfolio of seven industrial assets in the North West of England for £18.25 million, reflecting a net initial yield of 7%. This latest transaction, which will complete over the course of today, brings the Company's assets under management to £167 million, as it continues to successfully deploy the proceeds of its AIM listing in September 2017. The portfolio totals 326,254 sq ft and comprises a diverse mix of asset types with an average unit size of 15,000 sq ft, as follows: - Road One, Winsford (78,178 sq ft warehouse) - Parkway Zone 2, Deeside Industrial Estate, Chester (60,081 sq ft production facility) - Quantum Park, Manchester (46,507 sq ft trade counter) - Europa Trading Estate, Kearsley, Manchester (40,000 sq ft warehouse) - Wardley Industrial Estate, Manchester (38,901 sq ft warehouse) - Linkway Industrial Estate, Middleton (48,074 sq ft warehouse) - The Oakfield Centre, Sharston, Manchester (14,513 sq ft warehouse) All assets are situated in established industrial locations within the 'Northern Powerhouse' region. The assets each benefit from excellent motorway connections and are all either in urban areas or on strategic infrastructure links, 5 of the assets are within only 6 miles of Manchester City Centre - in line with the REIT's 'last mile' investment strategy. Demonstrating the strength of tenant demand for the portfolio, it has been acquired with less than 4% voids. A low average industrial passing rent of £3.49 psf presents significant reversionary potential, while c. 72,000 sq ft of space is subject to lease expiries within the next year, providing management with a near-term opportunity to grow rents 12% to ERVs. Furthermore, potential planning for 24,000 sq ft of additional space creates opportunity to increase rents over the long term through this acquisition. Commenting on the transaction, Neil Kirton, Non-Executive Chairman of Warehouse REIT, said: "This portfolio, and the attractive yield at which it has been secured, clearly fits with Warehouse REIT's investment strategy of acquiring good quality, well located assets that offer compelling opportunities to enhance value through asset management. We look forward to integrating these assets into our wider portfolio while we continue to source new opportunities to effectively deploy the remainder of our IPO proceeds in order maximise the income returns we deliver for shareholders." The Vendor was advised by Stewart Montrose on this transaction.
Warehouse REIT plc (the 'Company' or 'Warehouse REIT') Warehouse REIT acquires Plymouth warehouse for £4.3 million Warehouse REIT, the specialist UK urban warehouse investor, announces that it has acquired a 66,000 sq ft warehouse in Plymouth, Devon, from a client of BMO Global Asset Management, for £4.3 million, reflecting a net initial yield of 7.4%. Constructed in 1985, the well specified property sits on a 3.9 acre site within the established Parkway Industrial Estate. The entire warehouse is let on a 25 year lease, with over three years to expiry, at a low passing rent of just over £5 psf. The tenant has subsequently fully sublet the space to two occupiers, an automotive preparation and storage firm and a global lubricant solutions provider, with the rent on the majority of the unit being sublet at c. £5.50 psf. The asset therefore offers good reversionary potential through negotiating a new head lease agreement, whilst the accessible location and its adjacency to higher value warehouse uses offers longer-term development opportunities. The warehouse benefits from its close proximity to the A38, a major arterial route connecting Cornwall in the South West and Mansfield in the East Midlands, and is just one mile from Plymouth city centre. The Parkway Industrial Estate is home to a diverse range of occupiers from the retail, trade and logistics sector; leading UK retailer NEXT is due to open a Home and Garden store in 2018, which is expected to further improve the overall sites desirability. Warehouse REIT were advised by BCMRE and the client of BMO Global Asset Management were advised by Alder King. Following this transaction, Warehouse REIT has invested over £145 million in its pipeline of warehouse assets following its admission to AIM in September 2017
Warehouse REIT plc (the 'Company' or 'Warehouse REIT') Warehouse REIT acquires three industrial assets for c. £5.3 million and completes HSBC refinancing Warehouse REIT, the specialist warehouse investor, announces that it has exchanged contracts to acquire two separate assets, one in Stone, Staffordshire and the other in Carlisle, and completed on a site acquisition in Banbury, Oxfordshire. The aggregate purchase price for the three transactions is £5.3 million. The Company also announces that, in line with the IPO prospectus, it has secured new and enlarged financing facilities totalling £65 million with HSBC, to be used to fund pipeline acquisitions.
Some large buys have come in this afternoon, don't think it will be long before these move upwards.
Here is the tip;
Didn't realise they were tipped yesterday, I'll have to check it out. Lots of buys this afternoon, my feeling is a big investor wants out and has created some overhang shift.
igoe104,I've joined you with a small position after being alerted by Investors Chronicle tip.I like the basic premise,plus the fact that new build costs are well in excess of their valuation of the existing portfolio.Management have plenty of skin in the game so let's see how it goes... I note Investec own 25%.I have a contact there who should be able to keep me in touch with their view.
Telegraph write-up.
I've just purchased 20316 shares at 99.49p, so I've started this new thread. I personally think this is a fast growing sector, and online shopping is only going to increase. and I love the management stategy, so this is a long term hold for me.
!FOLLOWFEED WEB-SITE. Warehouse Reit is s rapidly growing, active UK warehouse investor Focused on becoming the warehouse provider of choice across the whole of the UK Working in partnership with key occupiers to enhance occupier experience. Forensic approach to new property acquisition, to ensure compatibility with future occupier requirements thereby creating investor value Managed by Tilstone Partners Limited. Key Stats 40 assets, 340 Tenants, Occupancy rate of 92%. On average our assets are 1 mile away from urban centres / major highways. The Reit will target an annual return of ‘at least 10%' from capital growth and dividends, with the first payout expected to be declared in January 2018 of approximately 1p and the next in May 2018 of 1.5p. The rise of online retailers has seen demand for warehouse spaces rise exponentially, with these types of business accounting for just 1% of demand in 2007 but 29% last year. Online sales are projected to nearly double by 2021. The trust said available warehouse stock was ‘close to historic lows’, and vacancy rates had been falling over the past five years from double digits to just 4%. ‘The low availability of rental stock together with increased demand will give rise to the potential for rental growth.
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