Warehouse Reit Share Discussion Threads

[strollingmolby] 29/11/2024 20:55

It was buried in the Notes...

24. Post balance sheet events

A second interim dividend of 1.6 pence per share in respect of the year ended 31 March 2025 will be paid full PID on 27 December 2024 to shareholders on the register on 29 November 2024.

[bathcoup] 29/11/2024 20:35

However, an ex-d date was not given in the recent H1 results released on 21 Nov.

[bathcoup] 28/11/2024 22:40

XD today for the Q2 dividend of 1.6p payable on 27/12/2024, according to

[essentialinvestor] 22/11/2024 10:01

spooky, I agree with your take on the sector, gilts are key and the recent movement has been highly damaging to sector sentiment.

[spooky] 22/11/2024 09:54

Basically the sector will improve when the interest rate environment settles and the longer term outlook improves. We are potentially at such a point with yields having risen close the the Truss highs. If that doesn't happen then there are problems ahead. We can quibble about the strengths and weaknesses of various REITS, but IMO its a sectoral issue.

[igoe104] 22/11/2024 09:49

Thats what traders say all the time. And most traders end up losing everything.

[nickrl] 22/11/2024 09:45

@spooky - of course but the trend is your friend

[spooky] 22/11/2024 08:18

You guys do realise that when you invest, you invest for how things will be in the future, not for how they are now.

[essentialinvestor] 21/11/2024 23:14

EPRA cost ratio..oh my.

[nickrl] 21/11/2024 23:04

NRI down costs up divi remains uncovered at the cash level surprised this one isn't lower.

[makinbuks] 21/11/2024 14:23

I think they're doing that simply to offset the refi issue which threatens the dividend and indeed the long term viability of a fund like this

[qs99] 21/11/2024 09:26

Will be interesting to see if they can move quickly to address the "management fee" element which they refer to as any progress on this, should, in theory see a good uplift to the share price with better future earnings the result. DYOR

[qs99] 16/9/2024 09:19

Looks like this should start to trend back above a quid IMO, the graph looks like a lovely bowl! DYOR and interest rate cuts will all help the mood music around this stock

[igoe104] 13/9/2024 14:25

Looks like reits are steadily turning a corner. Interest rates deductions will continue to help as well..

[makinbuks] 25/7/2024 13:53

Repay floating rate debt, that's the goal

[nickrl] 23/7/2024 22:35

Good Q1 trading update but wish they would give the complete picture on what the NRI now is given there has been disposals. Also what are they doing with all the cash they've generated

[blackhorse23] 28/6/2024 10:55

Switched to RNK [better change to capital gains] 4 brokers issued strong BUY

[makinbuks] 27/6/2024 10:59

I agree this is the critical question. We don't know if they are going to sell outright or retain a stake. Meantime debt is expensive but LTV only 33%. Its a long game post this final disposal but the plan has to be to capture the rent reversion then refinance in 2028 with rates a lot lower

[ianhamo] 26/6/2024 14:30

If the get a big lump from the sale from the Radway, Crewe site. They could reduce the debt. Anyone know how much they are asking for it?

[riverman77] 26/6/2024 09:56

The question is why is cover poor? Looking briefly through accounts, the properties are generating decent yield, but they are hurt by high financing costs. I'd be interested to know the all-in cost of debt, but doesn't seem to be clearly shown (they mention interest rate caps, but don't give enough detail)

[hugepants] 26/6/2024 09:12

It looks like a UK version of ASLI in that its the same sector and the dividend cover is woeful. Wshak may be right in that they are trying to avoid a similar fate to ASLI by trying to diversify into higher yielding retail warehouses.

[riverman77] 26/6/2024 09:07

Not looked at this in detail before - any idea why the dividend cover is so low? It appears to be due to high interest costs - - looks like another REIT that was too late to refinance and now paying the cost. They do seem to have a lot of reversion potential so cover should increase over coming years as they capture higher rents.

[nickrl] 25/6/2024 22:18

Looking at financials they've barely moved the dial over last 12mths with dividend cover remaining at c75%. Like the way they now believe retail warehouses are the space to be in.

Not for me.

[petewy] 25/6/2024 18:18

Nitpicking...